Flash News

TREE NEWS reports: All but a few of the S&P 500’s 11 sectors closed higher, with information technology leading the advance at 2.2%. Consumer discretionary rose 1.43% and telecom added 0.6%, while energy gained 0.55%. Consumer staples and financials were the laggards, falling as much as 0.1%.

TREE NEWS reports: The S&P 500 closed up 1.1% in preliminary figures, with tech up 2.3%, consumer discretionary up 1.5%, energy up 0.5% and financials down 0.1%. The Nasdaq 100 gained 1.7%, led by ALAB up 9%, Arm Holdings up 8.5%, Intel up 8.1%, AMD and SanDisk up at least 6.4%, Micron up 5.6%, Strategy up 4.7% and Nvidia up 2.5%. The Philadelphia Semiconductor Index rose 3.2% and the storage chip index added 3.4%.

TREE NEWS update: European Commission official Benjamin Angel said the EU aims to complete a full overhaul of its tax reporting rules by the end of this year and pass a separate bill simplifying EU tax rules by the end of 2027. Speaking at an online meeting of the International Fiscal Association’s US branch, the Commission’s director for direct taxation said the omnibus simplification proposal would exempt large multinational groups from some EU anti-avoidance rules.

TREE NEWS reports: KKR & Co. raised its forecasts for long-term US Treasury yields, saying it expects the Federal Reserve to keep its benchmark rate higher than previously anticipated because Chair Kevin Warsh is worried about persistent inflation. In a note to clients, the private equity firm projected the 10-year Treasury yield at 5.1% by year-end, up from a prior 5.0% forecast, and at 4.9% by the end of 2027, up from 4.7%.

TREE NEWS reports: Argentina’s GDP fell 0.6% quarter-on-quarter in the April-June period, the economy’s first quarterly contraction in two years, government data published Thursday showed. The decline was smaller than the -0.9% median estimate in a Bloomberg survey of analysts, while output expanded 2% year-on-year. Exports were the only category to contribute growth as imports fell; government spending, consumer spending and capital formation all declined, and unemployment edged up to 7.9%.

TREE NEWS update: China’s permanent representative to the United Nations, Fu Cong, voted against a Security Council draft resolution extending the mandate of the Iran Sanctions Committee’s expert panel, speaking after the vote on 17th. Fu said China opposed pushing through the restoration of sanctions on Iran in the Security Council, citing the ongoing conflicts in the Middle East and the stalled political process on the Iranian nuclear issue. He said the Council must avoid double standards, political manipulation and pressure tactics.

TREE NEWS reports: The Bloomberg Grains Subindex fell 0.44% to 34.7664 at the New York close on Thursday, September 17. CBOT corn futures dropped 0.61%, wheat fell 0.89% and soybeans eased 0.11%. Soybean meal gained 0.15%, while soybean oil lost 0.9%.

TREE NEWS reports: US money market fund assets declined to $7.92 trillion, the Investment Company Institute reported. The figure marks a decrease in total money market fund holdings tracked by the US fund industry trade group. ICI publishes weekly data on money market fund assets.

TREE NEWS reports: The dollar fell 0.16% against the yen to 156.01 in New York late trade on Thursday, September 17, with the pair moving in a 156.32-155.34 range during the session. The euro slipped 0.03% and the pound dropped 0.35% versus the yen, while the yen gained 0.02% against the offshore yuan.

TREE NEWS reports: The ICE US Dollar Index closed down 0.02% at 100.227 in late New York trading on Thursday, September 17, with an intraday range of 100.367 to 100.022. The Bloomberg Dollar Index fell 0.06% to 1202.89, trading between 1204.78 and 1200.82 on the day.

TREE NEWS reports: Citigroup is set to raise $12 billion through a bond sale, which would be the largest dollar-denominated bond sale in the company’s history. The offering was reported on the basis of information from Bloomberg. No further terms of the deal were disclosed.

TREE NEWS reports: The Hang Seng Index’s main night session closed up 0.39% at 24,667 points. The Hang Seng Tech Index’s main night session closed up 0.28% at 4,322 points.

TREE NEWS reports: The onshore yuan closed at 6.7060 per US dollar at 03:00 Beijing time, up 41 pips from Wednesday’s overnight session close. Turnover for the session totaled $45.29 billion.

TREE NEWS update: The United States is sanctioning eight entities and three individuals as part of the Trump administration’s push to end what it calls the Cuban regime’s malign activities, the State Department said in a fact sheet. The action targets Cuba’s nickel mining system and its military-industrial complex, and lists state-owned mining company Pinares SA among the sanctioned organizations. Treasury described some of the sanctioned entities as state-owned research and experimental development institutions.

TREE NEWS update: Russian President Vladimir Putin signed a decree on September 17 extending the ban on Western agricultural imports from January 1, 2027 to December 31, 2028. The measure, originally set out in Presidential Decree No. 560 of 2014, keeps restrictions on food products from Western countries in place for an additional two years.

TREE NEWS reports: WTI October crude futures settled down $0.52, or nearly 0.51%, at $101.91 a barrel. Middle East Abu Dhabi Murban crude futures fell 4.05% to $118.80 a barrel. NYMEX October natural gas settled at $2.9010 per million British thermal units, while October gasoline closed at $3.5073 a gallon and heating oil at $5.1139 a gallon.

TREE NEWS reports: The Shanghai Futures Exchange’s crude oil futures 2611 contract closed down 5.28% in night trading at 762.50 yuan per barrel. In the same session, Shanghai gold rose 0.66% and Shanghai silver gained 2.24%.

TREE NEWS reports: JPMorgan oil analysts said the bank “simply does not know” when the Iran war will end, calling the path to a conclusion increasingly unpredictable. Several economic red lines the bank had expected Washington would not cross have now been breached: oil above $100 a barrel, gasoline near $5 a gallon and surging Treasury yields, leaving the exit strategy more uncertain.

TREE NEWS reports: US President Donald Trump and Mexican President Claudia Sheinbaum spoke by phone on Wednesday, with the two countries nearing a trade agreement. One person familiar said the call was “average” and that “new topics” introduced in the discussion “produced some disagreements,” without specifying the topics or who raised them. A US official called the call “constructive,” said US-Mexico negotiations remain active and are moving in a positive direction, and denied the call went poorly.

TREE NEWS reports: The Federal Reserve raised its target federal funds rate by 25 basis points in the early hours of September 17 Beijing time, delivering a signal read as hawkish rather than the dovish outcome markets had expected. Several Chinese fund companies said the tightening is likely to cause only short-term disruption, arguing China’s independent monetary policy and A-share fundamentals support a constructive long-term view, with a ‘tech plus dividend’ barbell allocation favored for now.