Flash News

TREE NEWS update: The UK government confirmed that Manchester will host the G20 summit in 2027, with the leaders of the world’s largest economies gathering in the city next year. Mayor Andy Burnham’s office said he will announce the decision during his first trip to New York for the UN General Assembly. Burnham previously served as Greater Manchester mayor for nearly 10 years.

TREE NEWS reports: The yuan continued to edge higher against the dollar on September 21 after breaking through 6.70, supported by China’s economic fundamentals, strong exports and heavy foreign-exchange settlement demand. Experts expect the currency to stay firm with a mild upward bias in the near term, while two-way volatility remains the norm over the longer run.

TREE NEWS reports: Eight ChiNext computing-power themed ETFs already launched have raised more than 5 billion yuan ($690 million), with Chinese public fund managers stepping up product launches. Since September, seven more ChiNext computing-power funds — including ETFs and off-exchange index funds — have been filed, following the first batch of ten products.

TREE NEWS reports: European Central Bank President Christine Lagarde delivers pre-recorded video remarks at 19:00 Beijing time on Monday, part of a heavy central bank calendar that also includes New York Fed President John Williams and Fed Vice Chair Jefferson speaking at a New York Fed-hosted Treasury market conference at 22:05 and 22:20. Euro zone September consumer confidence flash data is due at 22:00.

TREE NEWS reports: Investors in overdue products from former Sichuan Trust, now Sichuan Tianfu Trust Co., have recently received repayment funds, with underlying assets having recovered principal and interest as early as six years ago. Payout was delayed by a unified risk-disposal arrangement. Industry insiders say overall trust-sector risk clearance is likely nearing its end.

TREE NEWS update: US Transportation Secretary Sean Duffy said all airports in the Southwest region have resumed operations. The statement, issued without further detail on the cause or duration of the disruption, confirms that air traffic in the affected area is back to normal. No timeline or reason for the earlier shutdown was given in the announcement.

TREE NEWS reports: TotalEnergies CEO Patrick Pouyanne said drone strikes on Russian refineries combined with restricted transit through the Strait of Hormuz could tighten refined fuel supply before winter, speaking at a conference in Rio de Janeiro. He said the refined product shortfall in the market is “too large” and that governments are being told to prepare to draw on strategic reserves. Brazilian output is helping TotalEnergies fill inventories at its European refineries.

TREE NEWS reports: With two weeks left before a tight presidential election, Brazil’s leading candidates are using Javier Milei’s Argentina as a proxy for their competing economic visions. Right-wing candidate Flávio Bolsonaro held up Milei’s economic reforms as the fiscal discipline Brazil needs, brandishing a pair of scissors he called a milder version of Milei’s signature chainsaw.

TREE NEWS update: Brazil’s state-run oil company Petrobras plans to drill three new oil wells in the Foz do Amazonas basin by 2027, the company said. The plan sets a firm timeline for exploration in the environmentally sensitive offshore region near the mouth of the Amazon River.

TREE NEWS update: New York City Mayor Mamdani met with President Trump to discuss the next phase of the Sunnyside Yards housing project in Queens, with a $21 billion federal appropriation identified as the key factor. The meeting centered on advancing the development plan for the site.

TREE NEWS update: Fitch Ratings assigned Tesla an initial BBB issuer default rating with a stable outlook. The investment-grade rating is the first from Fitch for the electric-vehicle maker, which had previously been rated below investment grade by the agency’s peers. Tesla’s stock is closely watched by crypto investors as a proxy for risk appetite and as a corporate bitcoin holder.

TREE NEWS update: US President Donald Trump said he is holding a meeting on Iran today, speaking after a meeting with New York City Mayor Mamdani. Trump gave no further details on the participants or the agenda of the Iran meeting. The remark was made in comments to the press following the mayoral meeting.

TREE NEWS reports: FTSE China A50 index futures closed the continuous overnight session up 0.29% at 14,653 points. The move marks a modest gain for the Singapore-listed futures contract that tracks the 50 largest A-share companies on the Shanghai and Shenzhen exchanges.

TREE NEWS reports: At the New York close on Monday, September 21, S&P 500 futures ended up 1.51%, Dow futures gained 0.75% and Nasdaq 100 futures rose 2.82%. Russell 2000 futures added 0.55%. The moves came in the final hours of the New York session.

TREE NEWS update: UK Prime Minister Burnham has agreed to Saudi Arabia’s request to provide time-limited defensive aerial refueling support aimed at helping stabilize the region. The decision follows the request from the Saudi government, with the support described as defensive and limited in duration. No further operational details were disclosed.

TREE NEWS reports: Spot gold fell 0.84% to $4,341.89 an ounce in New York on Monday, hitting a session low of $4,322.83 at 22:05 Beijing time. Spot silver slipped 0.35% to $66.0265 an ounce, while COMEX copper rose 1.34% to $6.7815 a pound and has gained 5.89% over the past five sessions. The Philadelphia Gold and Silver Index closed down 1.21% at 389.71.

TREE NEWS update: Georgia Power and Google have signed an electricity supply agreement. The deal covers power supply for the company’s operations in the state. No financial terms, capacity figures or timeline were disclosed.

TREE NEWS update: US Secretary of State Marco Rubio and Kenyan President William Ruto discussed critical minerals during their meeting. The talks between Washington and Nairobi covered cooperation on the strategically important resources. No further details of the discussions were disclosed.

TREE NEWS reports: MSCI’s emerging markets stock index rose 1.3%, while its developing-nation currency index gained 0.1%. The moves reflect a session of broad gains across emerging-market equities and currencies.

TREE NEWS update: European Commission President Ursula von der Leyen met Australian Prime Minister Anthony Albanese, the European Commission said. No further details of the meeting were disclosed. The encounter comes as the EU and Australia continue talks on trade and economic cooperation.