Flash News

TREE NEWS reports: WTI crude oil climbed back above the $104-per-barrel mark, with intraday gains exceeding 2.3%. The move marks a renewed push higher for the US benchmark after it had slipped below that level.

TREE NEWS update: US Treasury Secretary Scott Bessent said the US bond market is the best-performing market in the world. The remark, made in a statement carried in the material, offers no further figures or policy detail. It comes as global investors continue to weigh US Treasuries against other sovereign debt markets.

TREE NEWS update: Italy’s government said on September 15 it will extend border checks on travelers arriving from Spain at ports and airports by another 15 days. The Interior Ministry said the decision followed an assessment by the immigration and border security analysis committee that met the same day. The measures apply to Spanish arrivals at Italian ports and airports.

TREE NEWS update: Chinese Foreign Minister Wang Yi met ASEAN Secretary-General Kao Kim Hourn in Beijing on the 15th, saying China treats ASEAN as a priority in its neighborhood diplomacy. He noted this year marks five years of the China-ASEAN comprehensive strategic partnership and 35 years of dialogue relations, adding that China will keep supporting ASEAN unity and community building. Kao said ASEAN wants to deepen practical cooperation with China.

TREE NEWS update: US Senate Majority Leader John Thune said he is “open to” approving a ban on diesel exports. The remark signals possible Senate Republican support for restricting US diesel shipments abroad. No timeline, legislative vehicle or further details were given.

TREE NEWS reports: The Dow Jones Industrial Average fell more than 500 points, extending its decline to 1%, while the S&P 500 dropped over 0.4% and the Nasdaq lost 0.6%. The biotech index slid 1.7%, and the semiconductor index pared its gain to less than 1%.

TREE NEWS reports: Russia’s weekly refinery throughput reached close to 4 million barrels per day in the week of September 3-9. The figure covers the country’s refining volumes for that seven-day period.

TREE NEWS update: US Treasury Secretary Scott Bessent said the United States is working to end the threat posed by Iran rather than merely “managing” it. The remark frames Washington’s position on Iran as one of resolution rather than ongoing containment. No further details or policy measures were specified.

TREE NEWS update: US Treasury Secretary Scott Bessent said the United States is entering a new version of an “industrial supercycle.” The remark, delivered without further policy detail, frames the current period as one of expanded industrial activity. No specific sectors or measures were named in the statement.

TREE NEWS reports: US Treasury Secretary Scott Bessent said real wage growth is outpacing inflation and pointed to gains in employment. The remarks, made in a public statement, frame the labor market as strengthening in inflation-adjusted terms. No specific figures or dates were given in the material.

TREE NEWS update: US Treasury Secretary Scott Bessent’s testimony at a House of Representatives hearing was interrupted by anti-war protesters. The disruption occurred during the congressional session, briefly halting proceedings. No further details were immediately available on the number of protesters or any arrests.

TREE NEWS update: Angola’s central bank lowered its benchmark interest rate to 14.75% from 15.75%, a one-percentage-point cut. The reduction brings the policy rate down from the previous level set at 15.75%. No further details on the timing or rationale for the decision were disclosed.

TREE NEWS reports: Canada’s S&P/TSX Composite Index fell 0.4% to 9:53 a.m. Toronto time, as markets gave a muted reception to Prime Minister Mark Carney’s expanded corporate tax writeoff. Energy was the only sector in the green, lifted by higher oil prices. Carney is hosting an international investment summit on Tuesday.

TREE NEWS update: Fiji’s government declared on the 15th that the HIV/AIDS outbreak constitutes a national crisis, launching a whole-of-government coordinated response to curb a sharp rise in infections and protect communities. The declaration was announced by the government on the 15th.

TREE NEWS update: US Treasury Secretary Bessent told reporters ahead of a House hearing that the groundwork has been laid for strong economic growth. The remarks came before his testimony before a House committee. Bessent did not provide further detail on the policies behind that assessment.

TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.63% on September 14, up from 3.62% the prior day. The effective federal funds rate for the same session was 3.62%, compared with 3.63% a day earlier. The two overnight benchmarks moved in opposite directions by a single basis point.

TREE NEWS update: US Treasury Secretary Scott Bessent said the rise in bond yields on Tuesday was driven by “global issues,” when asked about the move. The comment ties the session’s yield increase to international factors rather than domestic conditions. No further details were provided.

TREE NEWS reports: US diesel futures rose to near $5.23 a gallon, the highest level since 2022. The move marks the front-month contract’s strongest print in roughly four years, extending a rally in the distillate market.

TREE NEWS reports: Carlyle Group CEO Harvey Schwartz said Tuesday the Federal Reserve is unlikely to enter a new aggressive rate-hiking cycle, even as markets price in rate increases. Speaking as conflicts in Europe and Iran persist and inflation remains, Schwartz said US economic data are still strong and the Fed will keep watching the data. “The market clearly expects hikes,” he said, “but it doesn’t feel like we’re entering a hiking cycle, nor a big rate-cutting cycle.”

TREE NEWS reports: The Dow Jones Industrial Average fell 0.2%, the S&P 500 slipped 0.1% and the Nasdaq dropped 0.15% in early US trading, while the Philadelphia Semiconductor Index rose nearly 1%. Memory chip stocks mostly gained, with SK Hynix up about 2%, Micron up about 1% and SanDisk up about 1%. Optical communication shares advanced broadly: Coherent rose about 4%, while Marvell, Corning, Credo and Lumentum each gained about 2%.