Flash News

TREE NEWS reports: US August headline CPI rose 0.4% month-on-month, in line with expectations, with more than a third of the gain from a 3.9% jump in gasoline prices, while shelter costs climbed 0.3%. Core CPI, excluding food and energy, rose 0.3% on the month, driven by a sharp increase in wireless phone services. Year-on-year, CPI rose 3.4% and core CPI 2.4%, the smallest gain since spring 2021.

TREE NEWS update: Venezuela’s acting president, Rodriguez, said the country will share its technical expertise in oil and natural gas with Suriname. The announcement covers knowledge and technical cooperation between the two South American states in the hydrocarbon sector. No further details on the scope, timing or terms of the cooperation were given.

TREE NEWS update: The Kremlin said Russia is open to dialogue and is seeking trilateral talks, Interfax reported. The statement did not specify the parties or format involved in the proposed discussions. No further details were immediately provided.

TREE NEWS reports: TD Securities strategists said Friday they now expect the Federal Reserve to begin a three-hike cycle in September, reversing their prior forecast of no policy change through the rest of 2026. The next two increases would come in October and January, strategists including Oscar Munoz and Gennadiy Goldberg wrote, adding that the dot plot should lean hawkish. The shift followed a hotter-than-expected US August CPI print that lifted traders’ near-term rate expectations.

TREE NEWS reports: Long-dated US Treasuries drew modest buying support and outperformed the front and belly of the curve, producing a twist flattening as the market priced a hike premium into the Fed’s three remaining policy meetings this year. The 2-year yield was still up about 1bp on the day after retreating from its intraday high, while long-end yields fell about 3bp, narrowing the 2s10s spread by 3.5bp and the 5s30s by 1.5bp.

TREE NEWS update: Abu Dhabi’s Masdar has signed a cooperation agreement that could see it invest €8 billion in Germany’s energy transmission sector. The deal, announced by the Abu Dhabi clean-energy group, sets out potential investment in German grid infrastructure. No timeline or final terms were disclosed.

TREE NEWS update: Hamas’ armed wing, the Qassam Brigades, said in a statement on the 11th that senior commander Mohammed al-Yazouri was killed on the 10th in an Israeli “assassination operation.” Al-Yazouri was a member of the Qassam Brigades’ General Military Council and a senior commander of its Khan Younis Brigade.

TREE NEWS reports: The secured overnight financing rate (SOFR) printed at 3.62% on Sept. 10, down from 3.64% the prior day. The effective federal funds rate for the same day held at 3.63%, unchanged from the previous session. The reading came on the eve of the release of US CPI data.

TREE NEWS reports: Ship traffic through the Bab el-Mandeb Strait fell to just six vessels by 15:00 local time on the 10th, down from 30 on the 9th, 26 on the 8th and 29 on the 7th, after Yemen’s Houthi forces captured the Red Sea port city of Mocha. The sharp drop marks a near-halt to one of the world’s busiest maritime chokepoints.

TREE NEWS update: China’s Ministry of Natural Resources held bilateral meetings with mining ministers from multiple countries during the 2026 China International Mining Conference in Beijing on September 10-11. Party secretary Liu Guohong, Vice Minister and State Oceanic Administration head Sun Shuxian, and Vice Minister and China Geological Survey head Xu Dachun led the talks on geological and mineral cooperation, reaching several consensus points and setting directions for deeper mutually beneficial cooperation.

TREE NEWS reports: Meta Platforms has spent at least a week meeting bond investors in Europe as part of a non-deal roadshow tied to financing the AI boom, discussing its credit profile and updating on performance, strategy and outlook. The company has not said when any potential bond issue might come to market, and has never before raised debt outside the dollar market. Amazon, Alphabet and others are also tapping global debt markets, with Amazon raising £4.25 billion in its first sterling bond sale.

TREE NEWS reports: Joanne Hsu, director of the University of Michigan consumer sentiment survey, said in a statement that views on the Trump administration’s economic policy deteriorated by about 10% this month and remain far below the level of February 2026, just before the Iran conflict began. Favorability also fell markedly among Republicans, who typically support the sitting administration’s economic policy.

TREE NEWS reports: A University of Michigan consumer sentiment survey found that, for the first time since 2023, a majority of consumers expect interest rates to rise over the next year as the Federal Reserve acts to curb inflation. In September, consumers’ view of the economy over the coming year deteriorated to its lowest level since July 2022.

TREE NEWS update: The Federal Reserve and the Federal Deposit Insurance Corporation have issued a request for comment on third-party risk management. The two US banking regulators are seeking public input on how banks oversee outside service providers. The comment period and specific proposals were not detailed in the notice.

TREE NEWS reports: A survey of 48 economists found most expect the Federal Reserve to keep rates unchanged at its September 15-16 meeting and stay on hold through the end of 2027, with only 13 expecting a hike this month. The poll, conducted September 4-9, came before Friday’s latest inflation data and contrasts sharply with investor bets on higher rates.

TREE NEWS reports: Northern Copper Industry shares closed limit-down at 14.74 yuan on September 11, a 10.01% drop, Wind data showed. The company attributed the fall partly to declining international copper prices, noting its main product is cathode copper and that it must buy external raw material from large traders under long-term contracts despite holding some small mines of its own.

TREE NEWS update: Russia’s Ministry of Digital Development, Communications and Mass Media announced on September 11 the launch of commercial fifth-generation (5G) mobile service. In the first phase, 5G networks went live in 16 cities including Moscow, St. Petersburg and Yekaterinburg, reaching about 10 million people, with service provided by four Russian operators including MTS and MegaFon.

TREE NEWS update: The preliminary September reading of the University of Michigan consumer sentiment index is due at 22:00 Beijing time, alongside the preliminary September readings for one-year and five-year inflation expectations. The data will be released in the US session.

TREE NEWS update: White House economic adviser Kevin Hassett said he respects the Federal Reserve’s independence and spoke highly of Kevin Warsh, adding that he is confident President Trump would have views if the Fed raises rates. Hassett said inflation has clearly been decelerating over the past three months. He also said budget reconciliation is one route to distributing a $5,000 Trump subsidy, which could be delivered in a fiscally responsible way, and that Trump is very serious about the $5,000 proposal.

TREE NEWS update: Iran will hold a meeting in Oman with Iraq and Gulf states, Iranian authorities said. The talks bring Tehran together with Baghdad and Gulf countries in a single gathering hosted in the Sultanate of Oman. No date, agenda or list of participating delegations was given.