Flash News

TREE NEWS update: US Energy Secretary Chris Wright said Constellation Energy’s agreement will add 1.1 gigawatts of electricity supply. Wright disclosed the figure without specifying the counterparty, timeline or contract terms. The announcement points to new generation capacity being contracted as US power demand rises.

TREE NEWS update: Brazilian Supreme Court Justice Luiz Fux will hold a public hearing on Nov. 3 on the ban on sports betting and online casinos, which took effect Oct. 25 and voided 85 gambling licenses in Brazil, and has not yet ruled on whether to suspend it. The 10 a.m. local hearing will focus on the ban’s economic impact and include 26 participants, among them litigants, government agencies, football clubs and industry groups; individual betting operators were not invited. Congress must initially vote on the provisional measure by Nov. 23, with one extension of up to 60 days.

TREE NEWS reports: LME copper closed up $147 at $14,474 per tonne, with tin posting the largest gain among base metals at $444 to $51,461 per tonne. Aluminium added $46 to $3,087, zinc rose $28 to $3,842, nickel gained $68 to $15,629 and lead edged up $10 to $1,933. Cobalt was unchanged at $34,620 per tonne.

TREE NEWS reports: WTI crude oil fell 2.0% during the trading session to $99.67 a barrel. The intraday decline puts the U.S. benchmark below the $100 mark. No further details were immediately available.

TREE NEWS update: Iranian Foreign Minister Abbas Araghchi spoke by phone with Brazil’s foreign minister on Tuesday afternoon, congratulating Luiz Inácio Lula da Silva on winning Brazil’s 2026 presidential election. The two diplomats also exchanged views on key regional issues and the latest international developments.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw $226 million in usage on Tuesday, October 27, with two counterparties, up from $200 million the previous trading day. The modest increase keeps RRP balances near multi-year lows as the facility continues to see minimal take-up.

TREE NEWS reports: Germany’s two-year government bond yield fell 2.4 basis points to 3.087% on Tuesday, trading between 3.106% and 3.057% during the session. The 10-year yield slipped 0.7 bps to 3.360% and the 30-year yield eased 0.2 bps to 3.692%. The 2/10-year spread widened 1.583 bps to +26.927 bps.

TREE NEWS update: Israel’s election committee will convene at 19:15 local time to discuss postponing the closing time of polling stations, Israeli media reported. The meeting comes as voters head to the polls, with the committee set to decide whether stations stay open later than originally scheduled. No further details on the reason for the possible extension were provided.

TREE NEWS update: Russian President Vladimir Putin and Iranian President Masoud Pezeshkian met in Moscow on October 27 on the sidelines of the Gas Exporting Countries Forum summit, the Kremlin said. Putin said the two discussed the situation in the Middle East and hoped it would develop positively. He also noted that Russia-Iran trade rose 10.4% in the first eight months of the year and that construction of the Bushehr nuclear plant continues. It was their third meeting this year.

TREE NEWS reports: The UK 10-year gilt yield rose 0.2 basis points to 5.346% in late European trading on Tuesday, October 27, after tracing three V-shaped intraday moves. The two-year gilt yield gained 1.2 basis points to 4.944%, having earlier touched a session low of 4.894% at 18:47 Beijing time.

TREE NEWS reports: Brazilian lawmaker Bolsonaro has traveled to the United States after losing last weekend’s presidential election. The report did not specify his itinerary or how long he intends to stay. The trip follows his defeat in the vote held over the weekend.

TREE NEWS update: President Donald Trump is set to unveil a plan to roll back federal requirements aimed at cutting methane emissions from oil and gas operations, framing it as a way to boost domestic energy production and lower costs. The EPA proposal targets Biden-era rules that forced energy companies to replace leak-prone equipment and regularly inspect wells for escaping gas. The EPA estimates the plan would save about $45 billion between 2027 and 2050 while producing an additional 210 million barrels of oil and 1.41 trillion cubic feet of natural gas.

TREE NEWS reports: Millennium Management, the $97 billion hedge fund, is developing tools for its portfolio managers to use data from prediction market platforms including Polymarket and Kalshi as trading signals for traditional asset classes, with some managers focusing on geopolitical, economic and commodities-related markets. The fund does not currently trade prediction market contracts directly, and Millennium, Polymarket and Kalshi all declined to comment.

TREE NEWS reports: International copper rose 0.6% in the night session, while Shanghai copper gained 0.72%, Shanghai aluminum added 0.79%, Shanghai zinc climbed 0.37% and Shanghai lead advanced 0.92%. Shanghai nickel was the outlier, falling 0.14%, as Shanghai tin rose 0.49%. Alumina jumped 1.73% and aluminum alloy gained 0.61%, while stainless steel edged down 0.07%.

TREE NEWS update: ASM International reported third-quarter net profit of €308.1 million, topping the €302.3 million analyst estimate. The Dutch semiconductor equipment maker posted an operating margin of 32.7% versus 32% expected, and a gross margin of 52% against a 50.8% consensus. The results, released Thursday, show profitability ahead of forecasts on both operating and gross lines.

TREE NEWS reports: Saudi Aramco has been offering spot oil cargoes to European buyers for this month and next, seeking to offset supply lost after an attack on its East-West pipeline halted exports from the Red Sea port of Yanbu. The company had told European refiners they would receive no term-contract cargoes in October. Traders said the added Saudi supply has increased downward pressure on some European crude grades, pushing prices lower this week.

TREE NEWS update: Russian President Vladimir Putin spoke by phone with Norwegian Prime Minister Jonas Gahr Støre and Finnish President Alexander Stubb on the 27th, with the 90-minute call initiated by the Nordic leaders. It was Putin’s first call in over a year with leaders of European states backing Ukraine, and the three agreed to maintain direct phone contact. Danish Prime Minister Mette Frederiksen criticized the move as weakening European unity, while Støre said Europe must also be able to talk to Russia’s leader.

TREE NEWS reports: Galaxy Digital founder and CEO Michael Novogratz said anxiety in global credit markets over AI spending may be nearing a peak, describing conditions as somewhat “indigestible.” Speaking on a call Tuesday after Galaxy reported third-quarter results, he said there is no easy path out but time should gradually improve the situation.

TREE NEWS update: The presidents of Iran and Russia met in Moscow, Iran’s Tasnim news agency reported. The report gave no further details on the agenda, the participants’ names or any agreements reached at the meeting. The encounter marks the latest high-level contact between the two countries.

TREE NEWS reports: ICE UK natural gas futures fell 0.7% to 236.700 pence per therm in late European trading on Tuesday, October 27, after touching 231 pence at 18:39 Beijing time. TTF benchmark Dutch gas futures rose 0.78% to 95.900 euros per megawatt-hour. ICE EU carbon allowance futures slipped 0.16% to 88.05 euros per tonne.