Flash News

TREE NEWS reports: The premium of cash copper over the London Metal Exchange three-month benchmark surged to its widest in two months on Tuesday, briefly hitting $206 per tonne, the highest since the tail end of a major August squeeze. The backwardation signals tightening short-term supply, with copper prices at record levels this year largely driven by expectations of U.S. tariffs on refined metal.

TREE NEWS update: National People’s Congress Vice Chairman Zheng Jianbang led a Chinese delegation to the 12th BRICS Parliamentary Forum in New Delhi on 26-27 May and delivered a keynote address. Zheng said BRICS countries have become the leading tier of the Global South and that parliamentary cooperation is key to strengthening the bloc’s foundation, institutional resilience and joint response to governance challenges.

TREE NEWS update: Yemen’s Houthi movement said on the 27th that it used a drone to strike Abha International Airport in southwestern Saudi Arabia. The group announced the attack in a statement carried by Xinhua. No details on casualties or damage were given.

TREE NEWS reports: The World Meteorological Organization said in its latest Greenhouse Gas Bulletin, released on 27 January, that atmospheric concentrations of carbon dioxide and other major greenhouse gases reached record highs in 2025, indicating that the long-term global warming trend is continuing. The finding underscores the persistent buildup of heat-trapping gases in the atmosphere.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia and the United States are discussing Arctic liquefied natural gas (LNG) projects. Novak gave no further details on the talks or which projects are under discussion. The comments were reported by Interfax.

TREE NEWS reports: Europe’s STOXX 600 index rose 0.4% on Monday, setting a new intraday high for the session. The pan-European benchmark extended its advance, with the gain reflecting the latest move in regional equities.

TREE NEWS reports: Brent crude futures traded near $114 a barrel, refreshing their session low, as international oil prices extended losses. The move marks a pullback in the global benchmark, with the front-month contract hovering around the $114 level.

TREE NEWS update: The Saudi-led multinational coalition intercepted and destroyed two ballistic missiles launched by Yemen’s Houthi movement toward Riyadh on 27 March, coalition spokesman Turki al-Maliki said in a social media post. No casualties or damage were reported.

TREE NEWS update: Yemen’s Houthi movement said on the afternoon of the 27th that it launched two ballistic missiles earlier that day at Saudi Arabia’s Najran airport and King Khalid Air Base in Khamis Mushait, hitting two military transport aircraft at the base. The Houthis announced the strikes in a statement, but there was no immediate confirmation from Saudi authorities. The reported targets are in southwestern Saudi Arabia near the Yemeni border.

TREE NEWS update: Russian President Vladimir Putin called on natural gas exporters to strengthen cooperation to safeguard global market stability, speaking at the Gas Exporting Countries Forum summit in Moscow on November 27. The eighth GECF summit’s plenary session was held at the Moscow International Trade Center. Putin attended the meeting on the same day.

TREE NEWS update: Iran’s acting oil minister Hamid Bovard on Tuesday pushed back against US Treasury Secretary Scott Bessent, who had urged Iranians in an interview on Iran International to stock up on fuel. Writing on X, Bovard said Bessent should worry about fuel prices facing Americans instead, adding that Moscow is advancing gas diplomacy while the US searches for diesel. He said Bessent should reserve his stockpiling advice for Americans.

TREE NEWS reports: The secured overnight financing rate (SOFR) rose to 3.93% on Oct. 26 from 3.92% the prior day, putting it 3 basis points above the Federal Reserve’s 3.90% interest on reserve balances — matching the widest spread since Aug. 31. New York Fed data showed heavy Treasury auction settlements and Canadian bank year-end fiscal settlements pushed repo-linked rates higher. The effective federal funds rate held at 3.88%.

TREE NEWS reports: The US Conference Board’s consumer confidence index rose to 91.7 in October, ending a three-month run of declines. The reading marks a rebound in household sentiment after consecutive monthly drops. No further breakdown of the index components was provided.

TREE NEWS reports: The Conference Board’s US consumer expectations index rose to 72.6 in October, up from 63.6 in the prior reading. The 9-point gain marks a sharp improvement in households’ outlook for the coming months. The expectations gauge is a component of the Conference Board’s monthly consumer confidence survey.

TREE NEWS reports: The US Richmond Fed manufacturing index for October came in at -2, unchanged from the prior reading of -2, the regional Federal Reserve bank reported. The reading keeps the gauge in negative territory, indicating continued contraction in manufacturing activity across the Richmond Fed district.

TREE NEWS reports: US new home sales came in at 676,000 in September, above the 650,000 expected by economists, but down from the prior reading of 684,000. The figure, released as an annualized rate, shows sales slowing slightly from August’s pace while still beating market forecasts.

TREE NEWS reports: STAR Market companies launched 114 new share buyback plans in 2026 as of Oct. 26, with a combined maximum repurchase value of 18 billion yuan, alongside 42 new shareholding increase plans capped at 1.5 billion yuan. Activity accelerated in October, which alone saw 23 new buyback plans worth up to 5.8 billion yuan, about one-third of the year’s total, plus 6 new increase plans totaling 250 million yuan.

TREE NEWS update: A senior Houthi leader said on the 27th that the Egyptian parliament’s authorization for the president to take measures in support of Saudi Arabia amounts to a “declaration of war against Yemen.” The statement escalates rhetoric over Egypt’s potential military role in the Saudi-led coalition. No further details were provided.

TREE NEWS reports: Quantitative hedge fund giant Two Sigma is exploring the sale of shares in an effort to break a deadlock between its founders. The firm has not disclosed the size, structure or timing of any potential transaction. No buyer or valuation was identified.

TREE NEWS update: China Development Bank said it completed the rollout of its 365 billion yuan ($50bn) new policy-based financial instrument for 2025 as of Oct. 27, with all funds used to replenish project capital. The financing covers projects with total investment of 5.5 trillion yuan, the bank said, underscoring its role as a lead policy lender supporting economic growth.