Flash News

TREE NEWS reports: Angola plans to load 850,000 barrels of oil per day in November, the lowest monthly rate since at least 2008. The figure was reported by Bloomberg.

TREE NEWS reports: Turkey’s banking index climbed 9.3%, its largest single-day advance since April 8. The move marks the sector’s sharpest rally in roughly a month and comes as Turkish bank shares extend a run of heightened volatility.

TREE NEWS update: Saudi Arabia’s civil defense authority said a drone launched by Yemen’s Houthi movement was intercepted and destroyed over the western city of Taif on the 17th, and falling debris killed one person and injured two others. The dead was a Yemeni national; the injured were a Saudi and a Pakistani, with the Pakistani in serious condition. Several buildings and vehicles were also damaged.

TREE NEWS update: The UN Security Council on September 17 voted down a draft resolution to extend the mandate of the expert panel of the Iran Sanctions Committee for one year. China and Russia cast opposing votes. The panel’s term will therefore not be renewed under this measure.

TREE NEWS update: The U.S. Geological Survey reported a magnitude 6.3 earthquake in the Nikolski region of Alaska on September 17 local time. The agency gave no immediate details on depth, damage or casualties. No tsunami warning or advisory was mentioned in the initial report.

TREE NEWS reports: Citadel Securities head of equity and derivatives strategy Scott Rubner said he is increasingly constructive on US equities heading into the final quarter of the year. He expects near-term turbulence but said investors should use any weakness lasting into month-end to rebuild exposure to core market sectors. Negative sentiment and reduced positioning in AI stocks should reverse starting in October, beginning with tech and then broadening out.

TREE NEWS reports: The US Energy Information Administration reported that natural gas storage rose 44 billion cubic feet last week, missing analysts’ forecast of a 48.4 billion cubic feet build. The weekly increase of 1.35% lifted total working gas in storage to 3.30 trillion cubic feet, following a 1.24% gain the prior week.

TREE NEWS update: Ding Xuepeng, member of the Political Bureau Standing Committee of the CPC Central Committee and Vice Premier of the State Council, met with Vietnamese Standing Deputy Prime Minister Pham Gia Tuc in Nanning, Guangxi, on the afternoon of September 16. Pham Gia Tuc is in China to attend the 23rd China-ASEAN Expo and the China-ASEAN Business and Investment Summit.

TREE NEWS update: Chinese Ambassador to the Netherlands Shen Bo and Hague Conference on Private International Law Secretary-General Christophe Bernasconi signed a memorandum of understanding in The Hague on the 16th on cooperation to strengthen global governance. The MOU affirms the significance of China’s Global Governance Initiative and commits both sides to cooperating in ways consistent with its five core principles, to advancing the initiative in international law, to strengthening exchanges on the formulation and implementation of international conventions, and to raising awareness of the Group of Friends of Global Governance.

TREE NEWS update: Chinese Vice Premier Ding Xuexiang, also a member of the Politburo Standing Committee, met with Myanmar Vice President Nyo Saw in Nanning, Guangxi, on the afternoon of September 16. Nyo Saw is in China to attend the 23rd China-ASEAN Expo and the China-ASEAN Business and Investment Summit.

TREE NEWS reports: JPMorgan strategists said the Federal Reserve’s rate move on Wednesday and its signal of commitment to price stability offer “moderate support” for US investment-grade corporate bond spreads in the near term. Factors cited include elevated yields and the slow pace of hikes, which suggests a lower likelihood of another yield spike. The Bloomberg US Corporate Bond Index spread tightened 2 basis points to 77 basis points on Wednesday, the narrowest since Aug. 10.

TREE NEWS update: The U.S. Energy Information Administration will release its weekly natural gas storage report at 22:30 Beijing time. The report is a closely watched gauge of U.S. gas inventories and typically moves energy and related markets on publication.

TREE NEWS update: The European Medicines Agency’s Committee for Medicinal Products for Human Use (CHMP) has recommended EU approval of FREHEMGO (denecimig), the first activated factor VIIIa (FVIIIa) mimetic to support once-monthly dosing. Novo said the drug is expected to launch in some EU countries in the fourth quarter, with a full EU rollout anticipated in early 2027.

TREE NEWS reports: A new Bloomberg Intelligence study found that users of oral GLP-1 weight-loss drugs reduced their snack intake by less than those receiving the treatment via injection. A smaller share of oral users reported cutting back on salty snacks, baked goods and other categories. BI said the coming rollout of oral drugs is expected to lift overall GLP-1 usage, widening the total impact on food companies as adoption grows.

TREE NEWS reports: The secured overnight financing rate (SOFR) printed at 3.62% on Sept. 16, the day the Federal Reserve announced a rate hike, down from 3.64% the prior day. The effective federal funds rate held at 3.63% on both days.

TREE NEWS update: Chinese Foreign Minister Wang Yi held a phone call with US Secretary of State Marco Rubio. The two top diplomats spoke by telephone. No further details of the conversation were provided.

TREE NEWS reports: US pending home sales rose 0.3% month over month in August, beating expectations of a 0.1% decline and reversing a revised 2.3% drop in July. The reading points to a modest stabilization in contract signings ahead of closings.

TREE NEWS update: FA chair and FIFA vice-president Debbie Hewitt wrote to FIFA president Gianni Infantino on the 17th demanding that all information about the World Cup “sale plan” be made public and calling for an independent review of two controversial World Cup matters. The letter was reported by UK sources.

TREE NEWS update: Argentine President Javier Milei signed and submitted to Congress on September 17 a National Sovereignty Defense bill that would replace the current regime and sanction unauthorized development of natural resources in the Malvinas (Falkland Islands), South Georgia and South Sandwich Islands and surrounding waters. The draft extends the ban to shareholders, controlling parties and suppliers, adds fines indexed to international oil prices, and sets prison terms of up to 20 years for specified activities.

TREE NEWS reports: NielsenIQ’s September 17 Global New Energy Vehicle Consumer Research Report, based on roughly 10,000 respondents worldwide, found the battery carries 13.8% of the purchase decision weight in China — second only to vehicle safety — versus 8.4% globally. About 80% of respondents said the battery determines an EV’s safety and quality, and 76% would pay a premium for a quality battery brand. In China, 39% said they “strongly trust” CATL.