Flash News

TREE NEWS reports: Prediction markets have shifted toward higher oil prices as Brent crude surpasses $100 a barrel. Myriad’s $120 contract now leads its $55 counterpart since early September, while Polymarket gives WTI a 59% chance of reaching $100 this month.

TREE NEWS update: The Bloomberg Dollar Index pared losses after the US Treasury announced a bond buyback program. The move signaled potential support for the bond market, easing some pressure on the greenback. Details of the program’s scale and timing were not disclosed.

TREE NEWS reports: Turkey’s Istanbul bank index fell 2.5% on Tuesday, marking its largest intraday decline since September 2. The drop reflects renewed investor concerns over the country’s economic outlook amid high inflation and currency volatility.

TREE NEWS update: The inaugural two-day International Space Summit opened in Paris on the 9th, drawing national leaders, officials, and industry representatives to discuss technology, economics, and governance amid rapid space development. US aerospace firms canceled trips.

TREE NEWS update: The US Treasury will repurchase up to $6 billion in longer-dated bonds on Thursday. This follows its earlier statement that, before November 4, the size of individual longer-dated buybacks would at least double to $4 billion.

TREE NEWS reports: Chinese commodity futures posted strong gains on the day, with styrene leading the rally, up 5.55%. Fuel oil rose 4.70%, ethylene glycol gained 3.72%, and asphalt advanced 2.99%. Methanol climbed 2.70%, while short-fiber, polypropylene, and low-sulfur fuel oil also saw notable increases.

TREE NEWS update: Amazon and Wiwynn are expanding server facilities in Texas, with Wiwynn investing over $1.6 billion in its Texas facility, which will support 4,000 jobs when fully operational.

TREE NEWS update: Germany’s inaugural auction for new gas-fired power plants drew ‘significant’ oversubscription, signaling strong investor interest in backup capacity. The Federal Network Agency said it will review bids aimed at building plants at the lowest subsidy cost, with 4.5 GW of capacity on offer. Results are due by November 3.

TREE NEWS update: China Meteorological Administration said on the 9th that during Typhoon Bailu, the precipitation measurement radar on Fengyun-3G satellite and national ground-based weather radar network jointly observed the typhoon, precisely capturing its fine 3D precipitation structure. This shows China’s integrated space-ground precipitation observation system is mature and operational in disaster prevention and mitigation.

TREE NEWS update: Vale stated that iron ore remains resilient and that the company has no exposure to Radiant World. The Brazilian miner’s comments come amid market concerns over asset risks, reaffirming its position on the commodity’s strength and financial isolation from the troubled entity.

TREE NEWS update: The death toll from landslides in Nepal has climbed to 1,369. The disaster has caused widespread destruction across the country. Rescue efforts are ongoing as authorities continue to assess the impact.

TREE NEWS reports: Seisaku Kameda, former chief economist at the Bank of Japan and now executive economist at Sompo Institute Plus, said US Treasury Secretary Bessent has pushed market expectations for BOJ rate policy too far. Some investors are even pricing in a 50bp hike or consecutive hikes. These expectations appear excessive and may need to be revised down, risking yen weakness if the BOJ fails to deliver.

TREE NEWS update: The 10th Africa Aviation Summit and Exhibition opened in Nairobi, Kenya, on the 9th, drawing over 2,000 delegates from more than 100 countries. Participants urged African nations to deepen regional civil aviation cooperation to improve air connectivity across the continent and unlock economic growth potential.

TREE NEWS update: Russia’s Foreign Ministry spokesperson Maria Zakharova said on September 9 that Moscow advises Japan to truly reflect and acknowledge its crimes against neighboring peoples, in response to Japan’s demand to remove monuments commemorating the Soviet victory over militarist Japan.

TREE NEWS update: Wanjia Fund announced on Sept 9 that it will lower the large-purchase limit on its Nasdaq 100 index funds (A and C classes) to 100 yuan per day, effective Sept 10. This comes just one day after the fund had raised the limit to 5,000 yuan on Sept 9. The move highlights continued investor interest in Nasdaq 100 products.

TREE NEWS reports: Dutch natural gas futures broke above €80 per megawatt-hour on Wednesday, the first time since 2023, as supply concerns and colder weather stoke demand. The benchmark TTF contract surged amid tightening European inventories and geopolitical risks.

TREE NEWS reports: US equities posted their sixth-largest weekly inflow since 2008 last week, the biggest since mid-July. Strategist Jill Carey Hall said institutional and hedge fund clients drove the buying, marking a second straight week of net purchases, with flows into individual stocks and equity ETFs.

TREE NEWS reports: A think tank report released on June 9 by Xinhua’s China Economic Information Service highlights four global trends in AI-driven industrial development. The report, titled “Intelligent Transformation: Towards a New Human Industrial Civilization,” focuses on AI’s role in revitalizing Northeast China and presents new opportunities for the country’s traditional manufacturing upgrade.

TREE NEWS update: German Chancellor and CDU leader Friedrich Merz said on the 9th that although the AfD made significant gains in the recent state election in Saxony-Anhalt, it failed to secure an absolute majority, and with its current policies it cannot win an absolute majority in Germany.

TREE NEWS reports: A recent price surge across the energy storage supply chain is driven by short-term supply-demand mismatches, raw material fluctuations, overseas bulk procurement and capacity build cycles, not a reversal of the long-term cost curve. They expect system costs to continue trending down over the next five years, aided by tech innovation and competition between lithium and sodium batteries.