Flash News

TREE NEWS reports: UBS now expects the Reserve Bank of Australia to raise interest rates two more times, by 25 basis points each, bringing the cash rate to 4.85%. The forecast points to a higher terminal rate than previously anticipated for Australian monetary policy.

TREE NEWS update: China’s Cyberspace Administration on September 15 issued a notice on strengthening the management of corporate infringement information and optimizing the business online environment. The notice defines the scope of information platforms must proactively clean up, saying the handling of such content concerns the vital interests of enterprises, entrepreneurs and the public. Platforms are required to actively and proactively clear and handle the listed categories of infringing information.

TREE NEWS update: China’s Ministry of Industry and Information Technology and nine other government departments jointly issued the 15th Five-Year Plan for the pharmaceutical industry. The plan sets a 2030 goal for the country’s biopharmaceutical R&D and applications to rank among the world’s leaders, with annual average growth of more than 20% in the innovative drug sector. It calls for systemic breakthroughs in key core technologies in priority fields.

TREE NEWS reports: Crude oil’s main futures contract fell more than 5% at the open, with liquefied petroleum gas and coking coal each dropping over 3% and fuel oil down nearly 3%. Container shipping rates on the Europe route rose over 3%, while Shanghai silver gained more than 2% and Shanghai lead climbed nearly 2%.

TREE NEWS reports: FTSE China A50 index futures opened 0.38% higher in early trading, after closing the prior night session up 0.36%. The early gain extends the previous session’s advance in the Singapore-listed contract tracking the 50 largest A-share companies.

TREE NEWS reports: Reserve Bank of Australia Deputy Governor Andrew Hauser said he believes global international interest rates are moving closer to normal levels. The remark, made in comments published Wednesday, signals the Australian central bank’s read on the global rate environment. Hauser did not specify a timeframe or level for that normalization.

TREE NEWS reports: JPMorgan strategists raised their year-end forecast for the two-year US Treasury yield by 40 basis points to 4.7% and lifted their 10-year yield forecast by 20 basis points to 5.05%. In a report, the bank said it expects Treasury yields to rise through the year, arguing the current environment resembles late 1999 to 2000, when the Federal Reserve raised rates by a cumulative 100 basis points amid strong economic growth and inflation.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said global uncertainty is driving investors to demand higher returns, with trade and tariff announcements adding to the uncertainty. Bullock said the RBA has the tools to handle any disorderly bond market moves, and that its balance sheet and foreign exchange reserves are sufficient to cope with any market turbulence.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said the central bank is assessing whether the current degree of policy tightening is sufficient. She also noted that, looking at the overall picture, the decline in house prices has not been large.

TREE NEWS reports: Margin financing balances on the Shanghai and Shenzhen stock exchanges totalled 2.601526 trillion yuan as of September 17, up 2.337 billion yuan from the previous trading day. The Shanghai exchange reported 1.334105 trillion yuan, an increase of 908 million yuan, while the Shenzhen exchange stood at 1.267421 trillion yuan, up 1.429 billion yuan.

TREE NEWS reports: Japan’s 10-year government bond yield fell 3.5 basis points to 2.955%. The 2-year yield declined 1 basis point to 1.85%, while the 5-year yield dropped 1 basis point to 2.285%. The moves mark a broad decline across the Japanese government bond curve.

TREE NEWS reports: Reserve Bank of Australia Governor Michele Bullock said the rise in global bond yields has not been disorderly. The assessment from the RBA chief addresses the recent climb in sovereign borrowing costs across major markets. Bullock did not elaborate further on the move.

TREE NEWS reports: Japan’s Nikkei 225 opened 0.8% higher and South Korea’s Kospi opened up 2.5%. Samsung Electronics and SK Hynix each rose more than 3% in early trade. No further details were given in the market open data.

TREE NEWS reports: China is set to issue or is currently issuing local government bonds. The move covers upcoming or in-progress sales of municipal and provincial debt. No specific issuance size, pricing or date was disclosed in the material.

TREE NEWS update: Reserve Bank of Australia Governor Michele Bullock said the economy is in an environment where oil prices stay higher for longer, adding that businesses are now more likely to pass on cost increases. The remarks point to persistent cost pressures feeding into prices.

TREE NEWS reports: China’s fixed asset investment fell 7.2% year-on-year in the first eight months of the year, with the decline widening further. The article said the pressure from slowing investment growth should not be avoided and that stabilization policies are being actively advanced, while arguing that a single growth-rate gauge no longer fully reflects investment conditions and that structure, quality and efficiency must also be weighed.

TREE NEWS reports: Nikkei 225 futures gained 1% in early trading, pointing to a higher open for Japanese equities. The move reflects firm demand for Japanese stock exposure at the start of the session.

TREE NEWS reports: Goldman Sachs said it is maintaining its end-2027 gold price forecast of $5,400 an ounce despite the Federal Reserve’s rate hike, with continued central bank diversification as the main structural driver of its bullish view. The bank said its gold outlook carries net upside risk but with greater two-way volatility, and that prices could fall to a near-term bottom around $4,070 an ounce before recovering toward $4,200 by end-2026.

TREE NEWS reports: Reserve Bank of Australia Governor Michele Bullock said multiple indicators continue to show the labour market remains close to, and slightly tighter than, full employment. At the August board meeting the RBA judged risks to the economic outlook were tilted to the upside, and since then some upside inflation risks appear to be materialising even as Australian growth slows, she said. Firms in the RBA’s business liaison programme are passing on higher input costs.

TREE NEWS reports: Japan’s August consumer price index excluding fresh food and energy rose 1.9% year on year, missing the 2% forecast and matching the prior month’s 1.9% reading. The print leaves the measure below the Bank of Japan’s 2% target, with no further details disclosed in the release.