Flash News

TREE NEWS update: Unifor said negotiations with Stellantis have reached a deadlock, stating it will not accept a deal without a solution for the Brampton plant. The union’s statement comes as Stellantis is set to sell the Brampton facility to Roshel.

TREE NEWS reports: ICE raw sugar futures rose 0.72% for the week and white sugar gained 0.65%. ICE arabica coffee fell 3.35% and coffee ‘C’ futures dropped 2.95%, while robusta coffee rose 2.68%. New York cocoa fell 4.24% to $5,913 a tonne at Friday’s close, London cocoa lost 4.54%, Chicago WCE canola slipped 1.32% and ICE cotton eased 0.30%.

TREE NEWS update: US Central Command said on September 11 that its naval blockade of Iran has forced 99 merchant vessels to change course. The command said it is continuing to carry out the blockade operation, with the 99 ships diverted as of September 11.

TREE NEWS update: US Central Command said on September 11 that its naval blockade of Iran had forced 99 commercial ships to change course. The Command said it is continuing to carry out the blockade operation, with 99 ships forced to divert as of September 11.

TREE NEWS update: Iran’s foreign ministry spokesman said Saudi Arabia, Japan and Jordan will face consequences for supporting an International Atomic Energy Agency resolution targeting Iran. The warning names the three countries directly over their votes on the IAEA measure. No specific retaliatory steps were disclosed.

TREE NEWS update: Data from the U.S. Commodity Futures Trading Commission (CFTC) shows that in the week ended September 8, speculative net short positions in natural gas across four major markets on the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE) increased by 3,719 lots to 54,416 lots. The data reflects changes in speculative positioning in natural gas contracts in the aforementioned markets.

TREE NEWS reports: Natural gas speculators across the four NYMEX and ICE markets increased their net short positions by 3,719 lots to 54,416 lots in the week ended September 8, the U.S. Commodity Futures Trading Commission said. The data covers the NYMEX and ICE natural gas contracts tracked in the CFTC’s weekly positioning report.

TREE NEWS reports: COMEX gold speculators reduced their net long position by 1,263 lots in the week ended Sept. 8, bringing it to 139,548 lots.S. Commodity Futures Trading Commission. The weekly positioning data reflects speculative traders’ net bullish exposure in gold futures and options on the COMEX exchange.

TREE NEWS reports: The dollar fell 0.45% against the yen to 153.73 in late New York trading on Friday, September 11, capping a 1.63% weekly decline for the pair. USD/JPY traded between 156.28 and 152.89 over the week, dropping sharply on September 7 before holding in a low range. The euro fell 1.76% and sterling 1.56% against the yen for the week.

TREE NEWS reports: JPMorgan Chase has changed its Federal Reserve forecast to two 25-basis-point rate hikes, in September and December, citing core inflation trends measured by the personal consumption expenditures price index. Chief U.S. economist Michael Feroli said in a Friday research note that core PCE inflation has exceeded 3% every month this year and has made little recent progress toward 2%.

TREE NEWS reports: The ICE US Dollar Index closed up 0.07% at 99.118 on Friday, September 11 in New York, after US CPI inflation data released at 20:30 Beijing time triggered a sharp intraday spike and retreat. The index was roughly flat on the week, trading in a V-shaped range of 1184.82 to 1192.98 points. The Bloomberg Dollar Index fell 0.02% to 1190.45.

TREE NEWS reports: CBOT soybean futures fell 2.50% to $12.99 per bushel on Friday, September 11, with the contract down 0.86% for the week. Corn slipped 0.33% to $5.32 a bushel, wheat dropped 2.02% to $7.2625, and the Bloomberg Grains Subindex lost 1.88% to 34.5625 points. A sharp spike-and-reversal hit prices as the USDA released its monthly grain stocks report at 00:00 Beijing time.

TREE NEWS reports: Federal Reserve Chair Kevin Warsh is facing mounting pressure to raise interest rates at next week’s policy meeting after a closely watched inflation report showed US consumer prices accelerated last month. “For the Fed, the time has come when they must act,” Inflation Insights LLC president and founder Omair Sharif wrote in a note to clients.

TREE NEWS update: US President Donald Trump said he will keep his word on a $5,000 “dividend” payout, stating “I keep my word.” The remark, made without further detail on timing, eligibility or funding, reiterates a pledge Trump has tied to his economic agenda. No formal proposal or legislation has been confirmed.

TREE NEWS reports: Citigroup expects the Federal Reserve to raise interest rates in September, before pivoting to rate cuts by mid-2027. The bank’s projection points to a near-term tightening cycle followed by an eventual easing shift over the coming years.

TREE NEWS reports: Citigroup expects the Federal Reserve (FRB) to implement a rate hike in September, and then shift to rate cuts by mid-2027. The bank’s forecast indicates a short-term tightening cycle followed by a transition to easing within the next few years.

TREE NEWS update: Venezuela’s ruling United Socialist Party said on its social media accounts on the 11th that the defense team for President Nicolás Maduro and his wife, held in US custody, has filed for the temporary release of First Lady Cilia Flores on health grounds. The filing was submitted to a New York court, citing a “critical medical condition,” constitutional principles and security guarantees.

TREE NEWS reports: The Hang Seng Index closed its main night session down 0.02% at 24,793 points. The Hang Seng Tech Index night session closed 0.23% lower at 4,312 points.

TREE NEWS reports: The onshore yuan closed at 6.7079 per US dollar at 03:00 Beijing time, up 36 pips from Thursday’s overnight close. Turnover for the session was $48.767 billion.

TREE NEWS reports: Goldman Sachs said its $4,900 per ounce fair-value forecast for gold at the end of 2026 carries net upside risk, while warning the metal’s path will face wider two-way volatility. The bank said the target assumes continued strong gold purchases by central banks. The forecast was reiterated without any change to the figure.