Flash News

TREE NEWS reports: Spot silver fell 2.0% intraday to $63.16 an ounce, while spot gold dropped 1.0% to $4,304.49 an ounce. The two metals moved lower together in the session, with silver posting the larger percentage decline of the pair.

TREE NEWS update: China’s Henan province issued 8.918 billion yuan ($1.23 billion) in local government bonds, split across three tranches. A 7-year general bond raised 2.468 billion yuan at a 1.58% coupon, while two 10-year special-purpose tranches of 1.63 billion yuan and 4.82 billion yuan both priced at 1.73%. Bid-to-cover ratios came in at 2.33, 1.24 and 1.22 times respectively.

TREE NEWS update: The Dalian Commodity Exchange announced it will close for the 2026 National Day holiday from Thursday, October 1 through Wednesday, October 7, reopening Thursday, October 8. No night session will be held on the evening of Wednesday, September 30; all contracts will hold a call auction from 08:55 to 09:00 on October 8, and night trading resumes that evening.

TREE NEWS update: The International Electrotechnical Commission (IEC) has published an international standard, “Decentralized Multi-Energy Systems Part 1: General Rules,” drafted under China’s leadership. A Chinese expert served as the convenor of the working group, which was joined by experts from 10 countries including Switzerland, France and South Korea. It marks another landmark achievement in China’s work on internationalizing smart energy standards.

TREE NEWS update: Indonesia appointed Nazara as its new finance minister, replacing Purbaya. The change at the helm of Southeast Asia’s largest economy’s finance ministry comes as the country manages fiscal policy and budget priorities. No further details on the timing or reason for the reshuffle were provided.

TREE NEWS update: European Central Bank Governing Council member Martins Kazaks said the case for further monetary tightening is increasing, adding that restrictive interest rates may be needed. Kazaks also said the ECB can proceed calmly and does not need to rush its decisions. The remarks point to a hawkish stance on the ECB’s policy path.

TREE NEWS reports: Brent crude rose 3.6% to $108.38 a barrel, while West Texas Intermediate gained 3.3% to $103.39 a barrel as international oil prices continued to climb. Both benchmarks extended their advance, with Brent holding above $108 and WTI above $103.

TREE NEWS update: Yemen’s Houthi military spokesman Yahya Saree said on September 14 that the group fired dozens of ballistic missiles and drones at Saudi Arabia’s King Khalid Air Base in Khamis Mushait, claiming all hit their targets and caused major damage. Saree said the strikes were a response to more than 300 Saudi air raids over the past five days by F-15 and Typhoon jets flying from Khamis Mushait and Taif. He said the Houthis will maintain a policy of blockade for blockade and escalation for escalation until Saudi Arabia halts its aggression and lifts its blockade on Yemen.

TREE NEWS update: European Central Bank Governing Council member Peter Kazimir said the ECB will not hesitate to raise interest rates further if necessary, though determining the next step will take time. Writing in a commentary, the Slovak central bank governor said inflation risks are “clearly tilted to the upside,” with energy — particularly gas and electricity prices — remaining the main risk source even as stronger-than-expected growth is also a factor.

TREE NEWS update: Iran’s foreign ministry spokesperson Esmail Baghaei said claims that the IAEA has observed construction activity at the Pickaxe Mountain site are unfounded, calling the discussion “media hype.” He added that Tehran has provided the IAEA with all information required under its NPT obligations.

TREE NEWS reports: Hong Kong’s Hang Seng Index closed 0.45% higher, while the Hang Seng Tech Index slipped 0.06%. Among individual names, Xizhi Technology fell more than 11%, Shein dropped over 9%, Zhipu declined more than 9% and Qunhe Technology lost nearly 9%.

TREE NEWS reports: Goldman Sachs strategists led by Ben Snider said rising interest rates weigh on equity valuations but corporate earnings remain the most important driver of stocks, and expect the bull market to continue. The S&P 500’s forward P/E has fallen to 19x from 22x at the start of the year, yet the index sits within 2% of its record high. The market has priced in more than three rate hikes over the next year; in the first three months of the past seven hiking cycles, the S&P 500 fell 2% on average but rose 9% in the 12 months after the first hike.

TREE NEWS reports: The London Metal Exchange reported a mixed day of inventory movements. Copper stocks rose by 8,425 tonnes, while lead fell 1,500 tonnes and aluminium dropped 250 tonnes. Zinc slipped 25 tonnes, tin declined 80 tonnes and nickel edged up 12 tonnes.

TREE NEWS update: Houthi forces claimed on Wednesday they carried out an attack on Khamis Mushait in Saudi Arabia. No further details on the target, the weapons used or any casualties were provided in the claim. Saudi authorities have not yet commented on the reported strike.

TREE NEWS update: Yemen’s Houthi movement said it carried out an attack on Khamis Mushait in Saudi Arabia. The claim was issued by the group itself; no details on the target, the weapons used, casualties or damage were provided, and there was no immediate confirmation from Saudi authorities.

TREE NEWS reports: Asian refiners are waiting for further guidance on crude cargoes scheduled to load at Saudi Arabia’s Red Sea port of Yanbu after a drone attack forced the shutdown of a key pipeline serving the terminal. Traders involved in the discussions said at least four refiners have received no official notice after asking about the pipeline’s status, and Saudi sales executives have not responded to questions about the extent of damage to the East-West pipeline.

TREE NEWS reports: Asian refiners are waiting for further guidance on crude cargoes scheduled to load at Saudi Arabia’s Red Sea port of Yanbu after a drone attack forced the shutdown of a key pipeline serving the terminal. Traders involved in the discussions said at least four refiners have received no official notice after asking about the pipeline’s status. Saudi sales executives have also not responded to questions about the extent of damage to the East-West pipeline.

TREE NEWS update: US President Donald Trump said he had previously warned Ukrainian President Volodymyr Zelensky to stop attacking Russian oil refineries. The strikes have halted diesel production and pushed diesel prices to a record high, Trump said.

TREE NEWS update: US President Donald Trump said he had previously warned Ukrainian President Volodymyr Zelensky to halt strikes on Russian oil refineries. The attacks have halted diesel production and pushed diesel prices to record highs.

TREE NEWS reports: UK two-year gilt yields rose 8 basis points to 4.89% on the day, with losses deepening across European and UK government bonds. The move extended a broader selloff in the region’s sovereign debt, pushing short-dated UK yields to the session’s highs.