Flash News

TREE NEWS update: President Donald Trump said the US has prevented Iran from acquiring nuclear weapons, claiming success in that effort. He added that US strikes have crippled Iran’s navy, air force and leadership, and that the US controls the Strait of Hormuz. Trump noted Iran’s currency has lost value and the country is in a difficult position.

TREE NEWS update: President Trump said Iran may still have an active nuclear facility at Fordow, after its three original sites were destroyed. He claimed monitoring devices are placed at key areas of all sites, including Fordow, and that movements are fully tracked.

TREE NEWS update: Greece’s prime minister has endorsed SAFE, a rescue mechanism created during the eurozone debt crisis, calling it an important initiative with the right direction. He stressed the need to go further and carefully select partners, reiterating that third-country participation must not compromise EU members’ security and defense interests.

TREE NEWS update: Volkswagen said current European overcapacity exceeds 500,000 vehicles. Four plants—Emden, Zwickau, Hanover, and Neckarsulm—cannot achieve competitive future capacity configurations between 2031 and 2034, and alternative uses are being evaluated. The group will focus on North America’s most profitable business, expand exports to the Global South, and cut its portfolio by about one-third, divesting or restructuring non-core businesses.

TREE NEWS reports: US Treasury yields fell on Thursday, with the 2-year note down 3.5 basis points to 4.3339%, extending a two-day decline. The 10-year yield slipped 1.2 bps to 4.7660%, after hitting a low of 4.73%. The 2s10s curve steepened to +43.003 bps. Real yields also declined across maturities.

TREE NEWS reports: The average price of diesel in the US reached a record $5.820 per gallon. This marks an all-time high, reflecting continued upward pressure on fuel costs. The previous record was set in June 2022.

TREE NEWS reports: ICE raw sugar futures fell 3.80% and white sugar dropped 2.66% at Thursday’s New York close. Arabica coffee fell 1.42%, robusta coffee 1.15%, and New York cocoa 2.12% to $6,140/tonne. ICE cotton declined 2.79%, while Chicago canola rose 0.48%.

TREE NEWS reports: The dollar fell 1.89% against the yen in New York trading on Thursday, closing at 155.71 yen, with an intraday range of 158.97-155.30. The decline was steady from 08:00 to 22:00 Beijing time. The euro and pound also weakened against the yen, down 1.54% to 181.04 and 1.60% to 210.24, respectively.

TREE NEWS reports: The ICE US Dollar Index fell 0.67% on Thursday, September 3, to 98.932 points, trading within a range of 99.612-98.831 points, continuing its downward trend. The Bloomberg Dollar Index also declined 0.54% to 1189.84 points, with a range of 1196.73-1188.58 points.

TREE NEWS reports: Chicago wheat futures fell 2.8% to $7.5225 per bushel on Thursday, after dipping to $7.3050. Corn dropped 0.78% to $5.3925, while soybeans rose 0.38%. The Bloomberg Grains Index slipped 0.85%.

TREE NEWS update: Iran’s oil minister announced that over 30 wells have been drilled at the South Pars gas field, with some yielding positive results. The development underscores ongoing efforts to boost natural gas output from the shared field.

TREE NEWS reports: US money market assets reached a record $7.98 trillion. The figure marks an all-time high for the sector, reflecting strong investor demand for cash-like instruments amid market conditions.

TREE NEWS update: Volkswagen’s works council said that splitting the passenger car and components businesses is not on the negotiating table. The council stated it will not accept measures that shift burdens onto workers. This comes amid ongoing discussions over cost cuts at the German automaker.

TREE NEWS reports: The onshore Chinese yuan (CNY) closed at 6.7178 per dollar at 03:00 Beijing time, up 15 pips from Wednesday’s night session close. Trading volume reached $23.823 billion.

TREE NEWS reports: Bitcoin rallied 5% to reclaim $80,000 as the US dollar weakened amid a suspected Bank of Japan currency intervention. Analysts remain split on the impact of the move.

TREE NEWS update: US Vice President JD Vance said the Federal Reserve should lower interest rates. His statement adds political pressure on the central bank ahead of its next policy decision. No specific timing or magnitude was mentioned.

TREE NEWS reports: WTI crude for October delivery settled at $91.30 per barrel on NYMEX. Abu Dhabi Murban crude futures fell 0.09% to $106 per barrel. NYMEX October natural gas settled at $2.9130 per million British thermal units, while gasoline and heating oil futures closed at $3.1349 and $4.5936 per gallon, respectively.

TREE NEWS reports: Shanghai crude oil futures for October 2026 contract (2610) closed down 1.78% in night trading at 678.60 yuan per barrel. Gold futures on the Shanghai exchange rose 2.03%, while silver futures gained 2.88%.

TREE NEWS update: US Vice President JD Vance said the Biden administration tapped the Strategic Petroleum Reserve for the sole purpose of lowering oil and gas prices. He noted there was no international crisis or foreign attempt to disrupt global energy markets at the time.

TREE NEWS update: U.S. Vice President JD Vance said American taxpayers will also benefit from the Venezuela oil agreement. His remarks follow criticism that the deal primarily favors foreign interests. Vance emphasized that the arrangement secures U.S. energy interests while ensuring a win for taxpayers.