Flash News

TREE NEWS update: Jibril Rajoub, secretary-general of Fatah’s Central Committee, said on the evening of the 10th that he doubts the Palestinian Legislative Council election can be held as scheduled in November. He called for a national dialogue before the vote to reach consensus on the election mechanism.

TREE NEWS reports: US sector ETFs closed broadly lower on Thursday, September 10, with the semiconductor ETF down 2.44%. The global tech index ETF, tech sector ETF and biotech index ETF each fell as much as 1.53%, while the internet index dropped 0.84% and the energy sector ETF lost 0.58%. Banking and regional banking ETFs bucked the trend, gaining 0.43% and 0.49% respectively.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 1.73% on Thursday, September 10, closing at 3,359.80. The index dropped sharply in early Asia-Pacific trading and oscillated near lows from 09:30 Beijing time, with losses widening steadily after 16:00.

TREE NEWS update: Yemen’s Houthi movement said on June 10 that international vessels passing through the Red Sea and the Bab el-Mandeb strait remain safe and face no threat. Spokesman Mohammed Abdulsalam said in a statement on social media that navigation and international trade through the waterway are still “safe and normal,” and that the group’s operations have specific targets and are “defensive” in nature.

TREE NEWS reports: US municipal bond yields jumped as much as 15 basis points, with the longest maturities reaching their highest levels since 2011. As of 3 p.m. New York time, the 30-year benchmark muni yield rose 14 basis points to 4.89%, the highest since February 2011 and the biggest one-day gain since April 2025. The 10-year benchmark climbed as much as 15 basis points to 3.69%, its highest since April 2025, pressured by rising Treasury yields and heavy new-issue supply.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 0.6%, with Chinese ADRs broadly lower. ASE Technology Holding led declines at 3.3%, followed by BYD down 3.1%, Tencent down 1.6%, Baidu down 1.5% and Alibaba down 0.7%.

TREE NEWS reports: The S&P 500 closed down 0.6%, with materials off 1.5%, tech 0.9%, energy 0.4% and telecom 0.2%. The Nasdaq 100 fell 1.1%, dragged by Baker Hughes down 6.8%, CoreWeave down 6.1%, and Lam Research, Intel, Lumentum, Astera Labs, Nebius Group and Micron each down at least 4.7%. The Philadelphia Semiconductor Index dropped 2.6% and the storage-chip index fell 4.2%.

TREE NEWS update: US banking agencies moved to reduce the regulatory burden on community banks and broaden the number of institutions eligible for an 18-month examination cycle. The change expands eligibility for the extended exam schedule, which had been limited to smaller institutions. The agencies said the step is intended to relieve compliance pressure on community lenders.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz said in a joint statement on the evening of the 10th that the Israeli military destroyed Hezbollah’s underground infrastructure in the Ali al-Tahir ridge area of southern Lebanon that day. The Israel Defense Forces said the operation used more than 1,100 tons of explosives to destroy tunnels beneath the ridge.

TREE NEWS update: Eli Lilly is laying the groundwork for a broader push into women’s health, assembling expert teams and hunting for new drugs in areas including bone health and endometriosis. The company has recruited scientists to work on osteoporosis and preeclampsia, and hired reproductive medicine specialist Kelle Moley to lead women’s health and early clinical development. Lilly is also looking outside its own labs, making strategic investments in companies such as Absci Corp., which is developing an experimental endometriosis therapy.

TREE NEWS update: Constellation Energy has acquired a natural gas power station from Shell for $715 million. The deal adds gas-fired generation capacity to Constellation’s portfolio, with the purchase price confirmed at $715 million. No further terms were disclosed.

TREE NEWS reports: The 10-year US Treasury yield rose 11.58 basis points to 4.9565% in New York trading on Thursday, September 10, closing in on its October 23, 2023 top of 5.0187%. The two-year yield climbed 13.61 basis points to 4.5666%, while the 30-year added 8.17 basis points to 5.3706%. The 2s/10s spread narrowed 2.69 basis points to plus 38.786 basis points.

TREE NEWS reports: The Democratic Republic of Congo’s National Institute of Public Health reported 6,843 confirmed Ebola cases and 3,310 deaths in the current outbreak as of Sept. 10. In the past 24 hours, 86 new confirmed cases and 43 deaths were recorded, with a case fatality rate of 48.4%. Ituri province remains the outbreak’s epicenter.

TREE NEWS reports: The Bloomberg Grain Subindex rose 1.51% to 35.2248 at the New York close on Thursday, September 10, with grains trading broadly higher. CBOT corn gained 1.09% and CBOT wheat rose 1.71%. CBOT soybeans climbed 1.70% to $13.3175 a bushel, while soymeal added 1.45% and soyoil advanced 1.80%.

TREE NEWS update: SpaceX Chief Financial Officer Bret Johnsen said at a Goldman Sachs conference that the company’s next Starship flight will generate revenue. SpaceX also plans to launch its first batch of orbital computing satellites next year, Johnsen said. The remarks mark a shift toward commercial returns for the heavy-lift vehicle program.

TREE NEWS reports: The dollar rose 0.50% against the yen to 154.33 in late New York trade on Thursday, September 10, with an intraday range of 153.29-154.67 yen. The pair has been falling steadily since September 2 and has held near a three-day low. The euro gained 0.32% to 179.21 yen and sterling added 0.22% to 208.510 yen.

TREE NEWS reports: The ICE US Dollar Index rose 0.26% to 99.070 in late New York trading on Thursday, September 10, with an intraday range of 98.706 to 99.199. The index climbed steadily from the European open and hit a September 4 high of 99.199 at 20:39 Beijing time, after the European Central Bank announced its rate decision, moving off Wednesday’s August 21 low of 98.599. The Bloomberg Dollar Index gained 0.30% to 1190.47.

TREE NEWS reports: US money market fund assets declined to $7.97 trillion. The total marks a decrease in money market holdings from the prior reading. The ICI figure covers assets held across US money market funds.

TREE NEWS reports: The CBOE Volatility Index (VIX) rose as much as 10.0% intraday to 18.11, while the S&P 500 dropped more than 0.6%. The move marks a sharp pickup in expected US equity volatility alongside broad selling in the benchmark index.

TREE NEWS update: The US Treasury Department issued a statement announcing sanctions targeting Hezbollah and Kataib Hezbollah as part of its Iran-related measures. The action names both groups directly in the department’s latest designations tied to Iran.