Flash News

TREE NEWS update: The Federal Reserve will publish its Beige Book at 2:00 AM Beijing time on the scheduled date. The report provides anecdotal information on current economic conditions across the Fed’s districts, offering insights into regional economic activity and potential implications for monetary policy.

TREE NEWS update: Argentine Foreign Minister Pablo Quirno said on September 2 that Argentina must use all available means to achieve sovereignty over the Malvinas Islands (Falkland Islands). Speaking at a think tank event in Buenos Aires, he stated the islands are Argentine territory and that the goal is closer than ever. President Milei will address the nation on the issue on September 3, with possible sanctions on foreign firms exploiting resources.

TREE NEWS update: US Commerce Secretary Howard Lutnick said Anthropic and President Trump have resolved their differences. The statement follows reported friction between the AI company and the administration. No further details were provided.

TREE NEWS update: US Commerce Secretary Howard Lutnick accused Canada’s Liberal Party of exploiting the trade war to gain electoral advantage. In a statement, Lutnick claimed the party is leveraging tensions to bolster its campaign prospects. The remarks add to escalating rhetoric between the two nations amid ongoing tariff disputes.

TREE NEWS update: Crypto exchanges, asset managers, market makers and consumer groups have submitted comments to the SEC on its proposed regulatory framework for new ETFs, covering crypto assets, private assets, event contracts and leveraged strategies. The Crypto Council for Innovation urged extending some ETF relief to non-ETF exchange-traded products, while a16z argued against treating all new ETFs alike, and Grayscale opposed new portfolio limits for mature digital asset products. Chainalysis suggested using public blockchains for real-time monitoring, Kalshi backed event contracts in registered funds, and Public Citizen opposed retail access to them.

TREE NEWS update: US Treasury Secretary Scott Bessent said tariffs will be reinstated, citing a $70 billion tariff refund as the cause of this year’s widened budget deficit. The remarks signal a potential escalation in trade policy.

TREE NEWS update: US Treasury Secretary Scott Bessent said he is aware of Japan’s plans, without providing details. His comment came in response to questions about Japan’s monetary policy and its potential impact on global markets. Bessent’s remarks signal ongoing dialogue between the US and Japan on economic matters.

TREE NEWS update: US Treasury Secretary Scott Bessent said that repurchasing government bonds eliminates ‘bad outcomes.’ The Treasury will buy back illiquid, longer-dated securities, which frees up room for banks to purchase more bonds at auctions.

TREE NEWS update: The Crypto Council for Innovation, Grayscale, and a16z urged the SEC to adopt tailored rules for novel ETFs, asking the regulator to preserve existing fund classifications and streamline reviews for new exchange-traded products. The groups argue that current frameworks may not accommodate innovative structures, calling for a more flexible approach.

TREE NEWS reports: Farmmi Inc., a microcap mushroom seller, surged 350% in heavy trading on Nasdaq before quickly correcting, with over 720 million shares traded—nearly 90 times its daily average. The move highlights memecoin-style speculation spilling into US equities.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $525 million on Wednesday, September 2, down from $725 million the previous trading day. The facility had one counterparty.

TREE NEWS update: Venezuela’s acting president, Rodriguez, announced on Tuesday that the country has made history by signing multiple energy agreements today. The statement was made without providing specific details on the number of deals, their value, or the counterparties involved. This development signals a push to bolster Venezuela’s energy sector amid ongoing economic challenges.

TREE NEWS update: US Energy Secretary said the agreement signed with Venezuela is crucial for the peace and prosperity of the Venezuelan people. The statement underscores the administration’s view of the deal’s importance in regional stability.

TREE NEWS update: Iran’s Foreign Ministry on September 2 strongly condemned US military action against the country, saying strikes hit non-military areas and civilian infrastructure in Khuzestan, Sistan-Baluchestan, Hormozgan, and Kerman provinces, including ports and communications facilities, causing casualties and property damage.

TREE NEWS reports: In overnight trading on Chinese exchanges, international copper gained 0.08%, Shanghai copper rose 0.26%, aluminum added 0.73%, zinc fell 0.47%, lead dropped 0.53%, nickel climbed 1.47%, and tin declined 0.70%. Alumina slipped 0.77% while aluminum alloy rose 0.81%. Stainless steel advanced 0.44%.

TREE NEWS reports: Binance co-founder Changpeng Zhao (CZ) noted that some ‘hot money’ is rotating back from AI into the cryptocurrency market. He observed this trend as investors seek opportunities in digital assets again.

TREE NEWS reports: LME copper settled down $59 at $14,216 per metric ton. Aluminum rose $2 to $3,284/t, while nickel gained $248 to $16,913/t. Zinc fell $58 to $3,865/t, lead dropped $24 to $1,894/t, tin lost $401 to $54,232/t, and cobalt plunged $5,625 to $50,665/t.