Flash News

TREE NEWS reports: London Metal Exchange copper closed $3 higher at $14,621 per tonne, with zinc up $54 at $3,955/t and lead up $14 at $1,934/t. Aluminium fell $5 to $3,250/t, while nickel rose $20 to $16,501/t and tin added $12 to $54,010/t. Cobalt was unchanged at $39,640/t.

TREE NEWS update: Chinese President Xi Jinping and US President Donald Trump met at the White House on the morning of September 24 local time. Xi said the new positioning of a constructive China-US strategic stability relationship reflects the reality of ties and expectations for the future, calling it an important step toward a correct way for the two countries to get along. Both sides must turn that vision into action, he said.

TREE NEWS update: Chinese President Xi Jinping met US President Trump at the White House on the morning of September 24 local time. Xi said China has consistently held that the sovereignty and security of all countries must be respected and has played a constructive role in de-escalating tensions. He voiced support for the US and Iran returning to the Islamabad Memorandum of Understanding and called on both sides to resume dialogue and reach a comprehensive agreement including the nuclear issue.

TREE NEWS update: Chinese President Xi Jinping said he hopes the United States will uphold the correct position of opposing “Taiwan independence” and handle the Taiwan issue prudently. The remarks, carried by CCTV, address the Taiwan question in the context of US-China relations.

TREE NEWS reports: The Nasdaq 100 turned positive after falling as much as 0.9% earlier in the session, and the Nasdaq Composite also reversed into gains. The S&P 500 rose more than 0.1% as US equities recovered from intraday lows.

TREE NEWS reports: The UK 10-year gilt yield rose 3.4 basis points to 5.381% in late London trading on Thursday, September 24, tracing a W-shaped path and touching 5.393% at 23:37 Beijing time. The 30-year yield gained 4.3bps to 5.871% and the 50-year added 4.6bps to 5.310%. The 2-year yield edged up 0.4bps to 4.909%, while the 2s/10s spread rebounded 3.059bps to +47.067bps.

TREE NEWS update: Danish Foreign Minister Lars Løkke Rasmussen said the United States will bear the cost of building new military bases in Greenland, contradicting President Donald Trump’s earlier claim that a new security agreement would not cost Washington a cent. The statement sets up a public disagreement between Copenhagen and the Trump administration over who funds expanded US military infrastructure on the island.

TREE NEWS reports: The S&P 500 reversed into positive territory after earlier dropping 0.5%. US Treasury price declines narrowed, with the 10-year yield falling back to 5.13% from a high of 5.17%.

TREE NEWS update: The UAE General Civil Aviation Authority said on August 24 that it is suspending all flights by Iranian airlines to and from the United Arab Emirates until further notice. The authority said the decision was based on US sanctions imposed on Iranian airlines. In August, the UAE announced it would halt all trade, commercial and financial transactions with Iran.

TREE NEWS reports: Freddie Mac said the US 30-year fixed mortgage rate rose to 7.03% last week, the highest since January 16, 2025, from 6.95% a week earlier. It was the fifth consecutive weekly increase, pushing the benchmark home-loan rate back above 7% for the first time since early last year.

TREE NEWS reports: ICE UK natural gas futures closed late European trading on Thursday, September 24, up 5.70% at 190.050 pence per therm, with gains widening notably from 22:00 Beijing time. The TTF Dutch benchmark rose 2.50% to 76.171 euros per megawatt-hour, while ICE EU carbon allowance futures added 1.05% to 86.36 euros per tonne.

TREE NEWS update: Chinese President Xi Jinping and US President Donald Trump held small-group talks in the Oval Office at the White House on the morning of September 24 local time. The meeting between the two leaders was confirmed in an official Chinese media readout.

TREE NEWS update: Iran’s foreign minister told his Pakistani counterpart that Tehran and Oman have held bilateral talks and reached agreements on defining suitable routes for safe vessel passage through the Strait of Hormuz. In a meeting described by Iran’s foreign ministry, he also said repeated US violations have weakened Washington’s standing as a mediator and blamed the US for rising regional tension. He updated Pakistan on Iran’s contacts with the US via Qatar.

TREE NEWS reports: The MSCI Nordic Countries Index dropped 1% to close at 390.43, its lowest close since July 23. Industrials led losses among the index’s ten sectors, while Metso Oyj fell 5.3%, the worst performer among Nordic stocks.

TREE NEWS update: Petrobras CEO said the Brazilian state oil company’s production is about to reach 3 million barrels per day. The figure was given as the company’s output approaches that threshold.

TREE NEWS update: India’s oil minister Hardeep Singh Puri said India will not follow any US ban on overseas diesel sales and will keep honoring its export commitments. India now accounts for about 10% of global seaborne diesel and has overtaken Russia as the world’s second-largest diesel exporter after the United States. Puri said India will keep investing in refining capacity to meet rising domestic demand and remain a major global supplier.

TREE NEWS reports: The dollar rose above 159 yen for the first time since September 2, gaining more than 0.4% on the day. The move marks the yen’s weakest level against the greenback in roughly three months, with the pair trading above the 159 line intraday.

TREE NEWS update: South Africa has pitched a critical minerals platform to US investors. The proposal is aimed at drawing American capital into the country’s critical minerals sector. No financial terms or named participants were disclosed.

TREE NEWS update: The United States has filed an application with the EU General Court to intervene in Elon Musk’s legal challenge seeking to overturn a €120 million EU fine against X over online-rule breaches. The European Commission alleges X violated transparency requirements and misled users through the design of its verification program. Washington argues the Commission overstepped its regulatory authority by trying to control American companies.

TREE NEWS reports: The US Treasury auctioned four-week bills at a high yield of 3.850% with a bid-to-cover ratio of 2.61, and eight-week bills at a high yield of 3.990% with a bid-to-cover ratio of 2.76. The auctions set the latest short-term government borrowing rates.