Flash News

TREE NEWS reports: In late New York trading on Tuesday, September 22, S&P 500 futures finished up 0.01%, Dow futures fell 0.33%, and Nasdaq 100 futures rose 0.71%. Russell 2000 futures gained 0.55%.

TREE NEWS reports: Spot gold rose 0.38% to $4,359.95 an ounce in Tuesday’s New York session after a V-shaped rebound from a session low of $4,291.69, while spot silver climbed 1.59% to $67.08 an ounce. COMEX copper gained 1.96% to $6.8950 a pound, touching $6.9285 and nearing its August 6 intraday peak of $6.96. The Philadelphia Gold and Silver Index closed up 3.58% at 403.65.

TREE NEWS reports: The total value of digital assets climbed back above $3 trillion for the first time since January, driven by a sharp bitcoin rally. CoinGecko data shows crypto market cap has risen by more than $740 billion since the US Treasury announced it would increase long-term bond buybacks last month. Leverage has built up alongside the gains, with Coinglass putting total perpetual futures open interest near $160 billion, the highest since late October.

TREE NEWS update: US Senators Susan Collins and Angus King of Maine sent a letter to President Donald Trump asking his administration to release the home heating oil reserve for the Northwest region. The senators made the request as part of efforts to address home heating oil supply concerns.

TREE NEWS update: European Central Bank Governing Council member and Bundesbank President Joachim Nagel said the central bank’s monetary policy stance is neutral. Nagel, who also heads Germany’s central bank, made the remark in comments published Wednesday. The assessment suggests the ECB sees its current interest rate level as neither stimulative nor restrictive.

TREE NEWS update: Spanish Prime Minister Pedro Sanchez said on September 22 that Morocco should be held responsible for failing to effectively control the large influx of illegal migrants into Spain’s autonomous city of Ceuta on July 30 and 31. Sanchez said Morocco’s border controls clearly failed and that Morocco should explain the situation, correct its mistakes and take further measures. Morocco has not yet responded.

TREE NEWS reports: US API crude oil inventories rose by 1.786 million barrels last week, following a build of 7.144 million barrels the prior week. The smaller increase marks a slowdown in the pace of inventory accumulation.

TREE NEWS update: Iraq is studying a plan to export crude oil to Turkey by truck, the country’s oil minister said. The proposal would open an overland route for Iraqi crude at a time when the country relies on pipelines and maritime terminals for exports. No timeline, volumes or further details were given.

TREE NEWS reports: MSCI’s emerging markets stock index rose 0.7%, while an index tracking developing-nation currencies gained 0.4%. The moves mark gains across emerging-market equities and foreign exchange.

TREE NEWS update: Iraq’s oil minister said oilfields in the Kurdistan region are currently producing 200,000 barrels per day. The figure was given as the current output level for the northern region’s fields. No timeline for a change in production was stated.

TREE NEWS update: Canadian Prime Minister Mark Carney said there is an opportunity to sell more potash to the United States. The remark points to expanded Canadian potash exports to the US market, though no volume, value or timeline was given.

TREE NEWS update: Iran’s parliament national security committee has approved new legal provisions for the Strait of Hormuz under which vessels violating passage rules face a fine equal to 20% of their cargo value and temporary seizure until the fine is paid. A dedicated judicial branch will enforce the rules, and Iran’s armed forces will report on implementation every three months.

TREE NEWS update: New York Fed System Open Market Account manager Roberto Perli said purchases of short-term Treasuries do not follow a preset path and the Fed will keep assessing reserve levels. Perli said the New York Fed will closely monitor market conditions and stands ready to adjust the size of reserve-management purchases to keep reserves in an ample range. It will also watch the market’s response to another large net short-term Treasury issuance expected in October.

TREE NEWS reports: On Tuesday, September 22, most US asset-class ETFs closed lower, with the CBOE Volatility Index long fund falling 3.05% and the United States Brent Oil Fund dropping 1.63%. Agricultural, Dow Jones, US real estate, euro long, soybean, 20+ year Treasury and S&P 50 ETFs each fell as much as 0.45%. The US Dollar Index long was flat, while the Nasdaq 100 ETF gained 0.81% and the Russell 2000 ETF rose 0.57%.

TREE NEWS update: US President Trump’s envoy Steve Witkoff and Jared Kushner will meet Ukraine’s negotiating team along with the national security advisers of the UK, France and Germany in New York tonight. The talks will cover a Ukrainian proposal for a de-escalation agreement in the Russia-Ukraine conflict.

TREE NEWS update: The American Petroleum Institute is scheduled to release its weekly industry crude oil inventory report at 04:30 Beijing time. Non-API members may obtain the data details as early as around 04:32 Beijing time.

TREE NEWS reports: Most of the S&P 500’s 11 sectors closed lower, with financials down 1.98% and energy and telecom each off 1.01%. Information technology was the standout gainer among decliners’ peers at 0.63%, while materials rose 1.9% and consumer staples added 1.2%.

TREE NEWS reports: US sector ETFs closed mostly higher on Tuesday, September 22, with the semiconductor ETF up 1.92% and the biotech index ETF up 1.76%. The global tech stocks index ETF and the tech sector ETF each gained at least 0.73%. Energy fell 1.09%, the internet stocks index ETF lost 1.15%, banks dropped 1.27% and the financials ETF slid 1.97%.

TREE NEWS reports: US and Gulf billionaires are backing a bid by Todd Boehly for the overseas assets of Russian oil company LukOil, the Financial Times reported. The bid targets the Russian energy firm’s international holdings. No financial terms or timeline were disclosed.

TREE NEWS reports: The Nasdaq 100 closed at a record high for the first time since June, rising 0.8% on the day. The S&P 500 finished roughly flat, with materials up 2% and tech up 0.6%, while energy fell 0.9% and financials dropped 1.8%. Among index components, MPWR gained 7.4%, SanDisk 7.1% and ALAB 6.1%, while Adobe fell 4.5% and Cisco 4.4%.