TREE NEWS update: Amazon has issued £4.25 billion in bonds across four tranches, with coupon rates ranging from 5.200% to 6.650%. The offering diversifies the company’s funding sources amid a global debt market rally. This marks Amazon’s first sterling bond issuance in several years, attracting strong investor demand.
TREE NEWS update: Canadian pipeline operator Enbridge has agreed to acquire Tallgrass Energy’s crude oil business in a $2.55 billion all-cash deal. The transaction expands Enbridge’s footprint in the U.S. midstream sector, adding crude pipeline and storage assets. The acquisition is subject to regulatory approvals and is expected to close later this year.
TREE NEWS reports: In S&P 500 sector moves, industrials fell 1.51% and consumer discretionary dropped 1.39%, while utilities and real estate lost up to 1.17%. Telecom slipped 0.24% and tech edged down 0.16%. Energy rose 1.09%. Among industrials, Vertiv, FedEx Freight, Axon Enterprise, Old Dominion Freight Line, and Uber led declines.
TREE NEWS reports: In S&P 500 sector movements, industrials fell 1.51%, consumer discretionary fell 1.39%, while utilities and real estate fell up to 1.17%. Communication services fell 0.24%, and technology stocks fell 0.16%. Energy rose 1.09%. Among industrials, Vertiv, FedEx Freight, Axon Enterprise, Old Dominion Freight Line, and Uber led the decline.
TREE NEWS update: US Secretary of State Marco Rubio said the United States aims to economically ‘strangle’ Iran, and attacks on Iranian oil tankers will continue. The statement underscores Washington’s intensified pressure campaign against Tehran’s oil exports.
TREE NEWS reports: On Wednesday, September 9, the Bloomberg Electric Vehicle Price Return Index advanced 0.39% to 3,416.68 points, with notable gains during the Asia-Pacific midday session.
TREE NEWS update: Iran’s First Vice President said on X that the country will firmly defend its right to peaceful nuclear energy, following a resolution by the International Atomic Energy Agency (IAEA). The statement underscores Tehran’s commitment amid international pressure.
TREE NEWS reports: The S&P 500 index preliminarily closed down 0.5%, with industrials, consumer discretionary, utilities, real estate, and consumer staples falling up to 1.5%, while tech dipped 0.1% and energy rose over 1.1%. The Nasdaq 100 preliminarily dropped 0.3%, with Comcast down 6.6%, Shopify down 5.6%, and CoreWeave down 5%, while Meta gained 6.4% and Datadog rose 7.3%.
TREE NEWS reports: On September 9, a record number of US companies issued bonds in Europe, attracted by liquidity and favorable terms as their home market faces a wave of AI-related debt issuance. For highly rated borrowers, euro-denominated debt is cheaper than dollar debt, a key factor for multinationals with euro-area revenue.
TREE NEWS update: The Consultative Shipping Group, including the UK, Germany, South Korea, Canada, and Singapore, issued a rare joint statement via the Danish Maritime Authority, warning that shipping routes are increasingly becoming “vehicles of leverage and risk.” The group cited armed conflicts, trade wars, and extreme weather as signs of a “structural shift” in global trade, and urged consistent enforcement of international rules to prevent a “two-track” system that would weaken the industry.
TREE NEWS update: The US Department of Energy is asking industry groups to propose new rules addressing foreign threats to the electric grid, following an August executive order declaring a national emergency over large power system security. The order warns that lack of restrictions on foreign-made equipment creates vulnerabilities, as data center growth increases reliance on reliable electricity.
TREE NEWS reports: On Wednesday, US 10-year Treasury yield rose 4.23 bps to 4.8305% at NY close, briefly spiking to 4.8528% after the Treasury announced Thursday’s bond buyback amount. The 30-year yield gained 4.13 bps to 5.2868%, while the 2-year added 2.76 bps to 4.4211%. Yields remain near multi-year highs.
TREE NEWS update: Trump’s departure on Air Force One was delayed at Joint Base Andrews when the aircraft’s emergency slide deployed during a test, forcing him to wait before flying to Dallas for a Republican midterm rally. The incident was reported by US media and caused a scheduling hold-up.
TREE NEWS reports: ICE raw sugar futures closed up 1.38% on Wednesday (Sept 9), while white sugar futures gained 1.95%. Arabica coffee fell 1.46%, but robusta rose 0.43%. New York cocoa edged up 0.41% to $5,937/ton, and cotton futures climbed 1.26%. Canola and London cocoa saw minor moves.
TREE NEWS reports: Fitch Ratings said tariff increases highlight risks facing Canada, but near-term impact remains limited. The rating agency’s assessment points to ongoing trade tensions as a key concern for the Canadian economy, though immediate effects are contained.
TREE NEWS reports: The dollar fell 0.22% against the yen in New York trading on Wednesday, settling at 153.64 yen, within a session range of 154.01-152.95. It approached the September 8 low of 152.89 yen. Euro/yen and sterling/yen each declined about 0.18%-0.19%.
TREE NEWS reports: The ICE U.S. Dollar Index rose 0.06% to 98.844 points at Wednesday’s New York close, after trading in a range of 98.599-98.900. The session featured three V-shaped reversals, with a brief spike to session highs following the Treasury’s announcement of Thursday’s bond repurchase amount. The Bloomberg Dollar Index fell 0.02% to 1187.06.
TREE NEWS reports: Enbridge is nearing an agreement to acquire the Pony Express crude pipeline from Tallgrass. The Canadian pipeline company may pay about $2 billion for the asset, which is part of a larger US crude transportation project. The deal has not been finalized.
TREE NEWS reports: Chicago wheat futures dropped 2.44% to $7.2875 per bushel on Wednesday, reversing an earlier gain that saw prices reach $7.5550. The Bloomberg Grains Index fell 1.23% to 34.7017 points. Corn fell 0.98%, soybeans 0.59%, while soybean meal rose 0.42% and soyoil slipped 0.33%.
TREE NEWS update: DR Congo’s National Institute for Public Health reported 6,757 cumulative Ebola cases, including 3,267 deaths (case fatality rate ~48.3%), as of September 9. In the past 24 hours, 71 new cases and 41 deaths were recorded, with 27 recoveries, bringing total recoveries to 1,590. The outbreak spans 61 health zones across six provinces, with Ituri accounting for about 80% of cases.
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