Flash News

TREE NEWS reports: US stock index futures fell after the release of nonfarm payrolls data, with S&P 500 futures down 0.17% and Dow futures down 0.24%. Treasury yields spiked, with the 10-year yield up nearly 2 basis points to 4.794%. Spot gold dropped 1.64% to below $4,400 per ounce, while USD/JPY rose 55 pips to 156.52.

TREE NEWS update: Baidu Group announced that its Class A ordinary shares have been included in the eligible securities under the Shanghai-Hong Kong Stock Connect, effective September 7, 2026. This allows mainland investors to buy Baidu shares directly through the southbound trading channel.

TREE NEWS reports: US manufacturing payrolls rose by 16,000 in August, beating expectations of 5,000 and up from a revised 5,000 gain in July. The data, released by the Bureau of Labor Statistics, signals resilience in the sector amid broader economic uncertainty.

TREE NEWS reports: US average hourly earnings rose 3.1% year over year in August, matching expectations and easing from July’s 3.2% pace. The data, released by the Bureau of Labor Statistics, suggests continued moderation in wage growth.

TREE NEWS update: US private payrolls increased by 127,000 in August, surpassing the expected 50,000 and up from a revised 30,000 in July. The stronger-than-expected figure suggests resilience in the labor market, which could influence the Federal Reserve’s policy stance.

TREE NEWS reports: The U.S. labor force participation rate rose to 61.6% in August, exceeding the 61.5% forecast and up from 61.4% in July.

TREE NEWS reports: The average workweek in the US edged up to 34.4 hours in August, surpassing the 34.3-hour forecast and prior reading. The data, released today, signals a slight firming in labor utilization amid ongoing economic uncertainty.

TREE NEWS update: US nonfarm payrolls rose by 162,000 in August, far exceeding the 55,000 expected and reversing a revised 23,000 decline in July. The strong labor market data may influence the Federal Reserve’s rate decision at its upcoming meeting.

TREE NEWS reports: Canada’s full-time employment fell by 35,900 in August, reversing a gain of 38,600 in the previous month. The decline marks a notable shift in the labor market, though overall employment figures were not provided.

TREE NEWS reports: Canada’s unemployment rate held at 6.4% in August, matching both the forecast and the previous month’s figure. The stable rate suggests the labor market remains steady despite economic headwinds.

TREE NEWS reports: Canada’s employment declined by 41,700 in August, sharply missing expectations of a 15,000 gain and reversing July’s 75,100 increase. The labor market unexpectedly contracted, raising concerns about economic momentum ahead of potential policy decisions.

TREE NEWS update: Chinese authorities identified 58 geological hazard sites along the G216 rescue route in Gyirong, Tibet, with 7 classified as high-risk. The assessment underscores challenges for ongoing rescue operations in the earthquake-hit region.

TREE NEWS update: China announced the establishment of the Asia-Pacific Artificial Intelligence Empowering SME Development Cooperation Center in Guangzhou on September 4, during the 32nd APEC SME Ministerial Meeting. The center invites all APEC economies to participate in its construction.

TREE NEWS reports: The International Monetary Fund now acknowledges that donations funded El Salvador’s Bitcoin adoption, reversing its earlier claim that the reserve had not moved and was merely shuffling coins between government wallets. The revised stance marks a shift in the IMF’s assessment of the country’s Bitcoin strategy.

TREE NEWS update: State Grid chairman Zhang Zhigang met China Huaneng chairman Bai Yong on Sept 4 to discuss deepening cooperation on the 15th Five-Year Plan, focusing on power supply, energy security, carbon peak goals, new power systems, and tech innovation. Both sides pledged to jointly advance high-quality energy and power development.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a symposium on September 3 for central enterprises’ industry common technology research institutes. The meeting stressed the need to accurately define their functional positioning, strengthen public welfare attributes, and focus on industry development, market demand, and frontier technologies. It called for enhancing applied basic research, accelerating technology iteration through industry application scenarios, and setting scientific value goals, including training young talent.

TREE NEWS update: The US August non-farm payrolls report, including employment change, unemployment rate, and average hourly earnings, will be released at 20:30 Beijing time, alongside Canada’s August employment report. Markets await the data for clues on the Fed’s policy path.

TREE NEWS update: Pinglu Canal will officially open four passenger routes on its first day of navigation, connecting Xinfu service area to Pingtangjiang Estuary, Madou Hub, Qinzhou service area to Qingnian Hub, and Longmen Bridge. All four routes have obtained both the Domestic Water Transport Business License and Ship Operating Transport Certificate, ensuring legal operation.

TREE NEWS update: Li Xingqian, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with Magda Chambriard, president and CEO of Brazil’s Petrobras, in Beijing to discuss enhancing China-Brazil energy cooperation, facilitating foreign firms’ development in China, and promoting industrial chain integration. Brazilian Ambassador to China Gao Wang also attended the meeting.

TREE NEWS update: Tan Ganming, former deputy secretary of the Yichun Municipal Party Committee and former mayor of Yichun City, is under disciplinary review and supervision investigation by the Jiangxi Provincial Commission for Discipline Inspection and Supervision. Tan voluntarily confessed to serious disciplinary and legal violations. The case underscores ongoing anti-corruption efforts in Jiangxi province.