Flash News

TREE NEWS update: Chinese President Xi Jinping and his wife Peng Liyuan held tea with US President Donald Trump and First Lady Melania Trump at the White House on the morning of September 25 local time. The two leaders agreed to further enrich the framing of China-US relations and jointly build a “constructive strategic stability relationship based on respect, fairness and reciprocity.” Xi said economic and trade areas also produced mutually beneficial outcomes.

TREE NEWS reports: The number of active oil and gas drilling rigs in the United States rose to 599 in the week ended September 25, up from 595 in the prior week. The weekly count covers total US drilling activity tracked by the industry. The 4-rig increase marks a modest rebound from the previous week’s level.

TREE NEWS update: Xi Jinping has wrapped up his state visit to the United States, Chinese state media reported. The visit, which took place over the past days, marked a rare high-level diplomatic engagement between Beijing and Washington. No further details on agreements reached or the itinerary’s closing events were provided.

TREE NEWS update: Russian President Vladimir Putin said Russia had been prepared to resume negotiations with Kyiv after the election, but Ukraine attempted to attack Moscow and strike polling stations. He made the statement without providing further details on the timing or scope of the alleged attacks.

TREE NEWS reports: London Metal Exchange copper closed $2 higher at $14,622 a tonne. Aluminium gained $18 to $3,268 a tonne, while zinc fell $56 to $3,900 a tonne.

TREE NEWS update: US President Donald Trump said Treasury Secretary Scott Bessent does not want to take on the role of overseeing AI affairs. Trump said Bessent is doing an excellent job at the Treasury Department and wants to remain in that position. The remarks indicate the administration’s AI policy point person will not be the sitting Treasury secretary.

TREE NEWS update: US President Donald Trump said the visit was ‘very productive’ after he and First Lady Melania Trump hosted Chinese President Xi Jinping and his wife Peng Liyuan for tea at the White House on the morning of September 25 local time. Trump said the US was ‘very satisfied’ with the visit and believed China was equally satisfied, calling it good for both countries.

TREE NEWS reports: The Reserve Bank of India net purchased $18.65 billion in the foreign exchange market in July, the central bank’s intervention data show. The figure reflects the RBI’s dollar purchases as it manages rupee liquidity and exchange-rate volatility.

TREE NEWS update: A senior Iranian official said the Strait of Hormuz will remain closed and Iran will not hold nuclear negotiations with the United States until its conditions are met. Iran will make no concessions on its nuclear program, the official said.

TREE NEWS update: Chinese President Xi Jinping and US President Donald Trump agreed on September 25 to jointly build a “constructive strategic stability relationship based on respect, fairness and reciprocity.” The two leaders met for tea at the White House with their wives, Peng Liyuan and Melania Trump. The agreement broadens the framing of the bilateral relationship.

TREE NEWS update: Mexico’s foreign minister said he is cautiously optimistic about the USMCA negotiations and that talks with South Korea will not produce a free trade agreement. The remarks set expectations for two separate trade tracks being watched by markets. No further details were given on timing or the substance of either negotiation.

TREE NEWS update: BHP said activity has resumed at its Escondida copper mine. The company gave no further detail on the restart or the reason for the earlier halt.

TREE NEWS update: Bank of France Governor Moulin said France must resolve its deficit problem as quickly as possible, adding that the idea the European Central Bank has a solution to debt problems is irresponsible. The remarks place the French central bank chief at odds with any expectation that the ECB will absorb sovereign fiscal strains.

TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.88% on Sept. 24, up from 3.87% the prior day. The effective federal funds rate was unchanged at 3.88% on the same day, matching the previous reading.

TREE NEWS reports: US-Iran negotiations in New York have moved from initial diplomatic contact into deeper technical consultations, with technical experts joining the discussions after a first round between US envoys Steve Witkoff and Jared Kushner. Iran’s delegation had initially been denied US visas before being allowed entry to take part. Tehran has proposed a seven-day plan to reopen the Strait of Hormuz.

TREE NEWS reports: The ICE BofA MOVE index, which tracks US Treasury market volatility, has climbed about 29.69% this week, its largest gain since April, when President Trump’s sweeping import tariffs roiled global markets. The gauge now sits at its highest level since March. Societe Generale rates strategy head Adam Kurpiel said his team holds a neutral view on US rates and is waiting for volatility to ease before trading.

TREE NEWS reports: All three major US stock indices rose intraday on September 26, with the Dow Jones Industrial Average up 1.00%, the Nasdaq up 0.67% and the S&P 500 up 0.65%. The move was reported intraday, with the indices gaining together during the session.

TREE NEWS reports: The U.S. Government Accountability Office estimated in a report that tax fraud cost the federal government between $116 billion and $304 billion annually from 2018 to 2024. That range equals roughly 2% to 6% of the government’s estimated tax due for those years.

TREE NEWS update: US Trade Representative Jamieson Greer will travel to Wisconsin next week to attend a Group of 20 (G20) meeting, the office said. The trip places the top US trade official at the G20 table as trade policy remains in focus for global markets.

TREE NEWS reports: WTI crude fell $0.51 a barrel in five minutes to $91.94, down more than 3% on the day. Brent dropped $0.57 in the same window to $97.05 a barrel, a decline of over 3.5%. The moves mark a sharp intraday selloff in both benchmarks.