Flash News

TREE NEWS update: Iran’s top security official Rezaei said the IAEA Board of Governors resolution is a “politicized” move that will force countries to withdraw from the Nuclear Non-Proliferation Treaty. The statement follows the IAEA Board’s adoption of the resolution.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy announced on September 10 local time that it intercepted a US unmanned surface vessel “carrying out a mission” at the entrance to the Strait of Hormuz. The IRGC Navy said the strait is under its control and surveillance, and that any hostile force in the area will be treated as a target.

TREE NEWS update: Canada and Ukraine have signed a century-long partnership agreement. Under the deal, Canada will provide a C$430 million guaranteed loan for Ukrainian natural gas projects. Canada is also launching a national drone trading platform modeled on Ukraine’s system. The announcement did not specify a signing date.

TREE NEWS reports: Billionaire investor Stanley Druckenmiller said US financing costs remain “slightly low,” in comments reported by the Financial Times. Druckenmiller, a mentor to Treasury Secretary Scott Bessent, made the remark on US borrowing costs without giving further figures or a specific date.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $4.736 billion on Thursday, September 10, from four counterparties, up from $432 million the previous trading day. The RRP is a key tool the Fed uses to absorb excess cash from money markets.

TREE NEWS reports: Germany’s 10-year government bond yield rose 5.7 basis points to 3.501% on Thursday, touching 3.508% intraday to break above its 2011 second-quarter peak of 3.505% — a 17-year high. The two-year yield climbed 16.4 basis points to 3.236%, up 28.7 basis points over four sessions, after the European Central Bank announced a rate hike and President Christine Lagarde held a press conference, with officials reportedly weighing another increase in October.

TREE NEWS update: The US State Department on September 10 approved the sale of UH-60L Black Hawk helicopters and related equipment to Argentina, with an estimated total value of $140 million. The approval covers the aircraft and associated gear.

TREE NEWS update: Italian Prime Minister Giorgia Meloni said Italy has taken measures to promote domestic oil production. She gave no further details on the specific steps or their timing. The remarks address Italy’s efforts to increase its own energy output.

TREE NEWS reports: International copper fell 3.23% in overnight trading, while Shanghai copper dropped 3.02%, Shanghai zinc lost 3.22% and Shanghai tin shed 2.18%. Shanghai aluminum declined 1.83%, nickel 1.25% and alumina 0.32%. Shanghai lead was the sole gainer, up 0.28%, and aluminum alloy fell 1.97%. Stainless steel closed down 1.52%.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps said it struck a US unmanned vessel in the Strait of Hormuz, Iranian state media reported. No further details on the type of vessel, the weapon used or the extent of any damage were given in the statement. The claim could not be independently verified.

TREE NEWS update: Yemen’s Houthi movement said Saudi Air Force jets carried out 64 airstrikes across Taiz, Hodeidah, Marib and Al Jawf provinces in the past 24 hours. The statement said F-15 and Typhoon fighters flew from King Fahd Air Base in Taif and King Khalid Air Base in Khamis Mushait, and that Houthi forces intercepted a combat formation over Taiz with surface-to-air missiles, forcing it to withdraw. Saudi Arabia has not responded.

TREE NEWS reports: Bank of America’s head of European equity strategy, Sebastian Raedler, said investors should hedge their artificial-intelligence-driven equity exposure now, warning that every major investment boom over the past 200 years has ended in a crash. “This is an extremely high-risk game,” the strategist said.

TREE NEWS reports: London Metal Exchange copper closed down $534 at $14,234 per tonne, leading a broad decline across LME base metals. Aluminium fell $64 to $3,294/t, zinc dropped $160 to $3,892/t, lead slipped $14 to $1,901/t, nickel lost $231 to $16,666/t and tin shed $874 to $42,380/t. Cobalt also closed $560 lower at $42,380/t.

TREE NEWS update: US Central Command said on September 10 that its naval blockade of Iran has forced 96 merchant vessels to change course. More than 50 ships carrying humanitarian aid have been granted passage through the blockade, CENTCOM said.

TREE NEWS update: US House Majority Leader Steve Scalise said Congress would approve President Trump’s proposed $5,000 dividend payout if Republicans keep control of Capitol Hill. The remark ties the proposal’s passage directly to the party’s hold on Congress.

TREE NEWS update: Macy’s will reinvest tariff refunds it receives under President Donald Trump’s tariff policy back into its business, the retailer said. The department store chain plans to cut prices on furniture and jewelry, and will add store staff and increase marketing spending. No figure for the refund amount was disclosed.

TREE NEWS reports: Iran has resumed production of ballistic missiles and is assembling new missiles in small batches. The development marks a restart of manufacturing activity that had been halted, the officials said.

TREE NEWS reports: Wall Street strategists are positioning for a split US Congress as midterm election season enters its final stretch, with prediction markets favoring Democrats for the House while Republicans hold a slight Senate lead on Kalshi and Polymarket. Options-linked futures show rising demand for protection against S&P 500 swings in early November, and Evercore ISI recommends a straddle on the State Street SPDR S&P 500 ETF Trust. Markets expect two Fed rate hikes by early 2027.

TREE NEWS reports: US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, while core PPI rose 0.2% month-on-month against an expected 0.3%, sending mixed signals as Fed officials debate next week’s rate decision. After the release, markets fully priced in a Fed hike in October. The report lands a day before the latest CPI data, with some officials suggesting the September 15-16 meeting’s decision may hinge on this week’s figures.

TREE NEWS reports: Vantage Data Centers is seeking a $2 billion loan from Pacific Investment Management Company (PIMCO) and PGIM. The data center operator’s financing effort comes as demand for data infrastructure continues to draw institutional capital. Terms of the loan were not disclosed.