Flash News

TREE NEWS reports: Hungary’s central bank is expected to pause its rate-cutting cycle and lower its inflation target. The move signals a shift in monetary policy amid evolving economic conditions. No specific figures or dates were provided.

TREE NEWS reports: Canada’s trade surplus narrowed sharply in July as gold and energy exports fell, with the share of exports going to the US dropping to 66.3%, the lowest since 1997 excluding pandemic periods. Exports to the US declined 6.6% month-over-month, the largest drop since April 2025.

TREE NEWS reports: The secured overnight financing rate (SOFR) stood at 3.65% on September 2, down from 3.66% the previous day. The effective federal funds rate remained unchanged at 3.63%.

TREE NEWS reports: The U.S. Energy Information Administration reported that natural gas inventories rose by 300 billion cubic feet last week, versus analyst expectations of 298.9 Bcf. The increase brought total storage to 3.21 trillion cubic feet, up 0.94% week-over-week (prior week +0.47%).

TREE NEWS update: Six Iranian military personnel, including three pilots from the air force and navy, were killed in US airstrikes on southern Iran on March 1. The strikes targeted multiple locations, resulting in the deaths of six members of the Islamic Republic of Iran Army.

TREE NEWS update: China’s Ministry of Ecology and Environment issued the 2025-2026 allowance allocation plans for the national carbon market, covering power generation and expanding to steel, cement, and aluminum smelting in 2026. The plan details allocation scope, calculation methods, issuance, and compliance for these industries.

TREE NEWS update: The U.S. Energy Information Administration will release its weekly natural gas storage report at 22:30 Beijing time today. The report details changes in underground storage levels, a key indicator for natural gas supply and demand. Traders monitor the data for short-term price direction.

TREE NEWS update: Irish Prime Minister Micheál Martin said Ireland needs to preserve its trade agreement with the United States. His remarks come amid ongoing trade tensions between the EU and the US. Martin emphasized the importance of maintaining strong economic ties with Washington.

TREE NEWS reports: The US ISM services index rose 1.3 points to 55.4 in August, the highest since February and above economist forecasts. New orders grew at the fastest pace since early 2023, while the business activity gauge hit its strongest level since 2022. Backlogs increased for a seventh straight month.

TREE NEWS update: Zhejiang Governor Liu Jie conducted a special research visit in Hangzhou on AI industry development, emphasizing deeper integration of innovation and industrial chains. He called for advancing the ‘AI+’ initiative to accelerate high-quality growth and build Hangzhou into a leading AI innovation hub.

TREE NEWS update: Prime Minister Mark Carney announced that VIA Rail’s passenger cars will now be manufactured in Canada, marking the first such domestic production in 40 years; previously, these cars were built in the United States. The Canadian government will invest C$4.7 billion to manufacture and maintain 313 VIA Rail cars.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that China hopes South Korea will faithfully implement the one-China principle, following the withdrawal of a Chinese curatorial team from the Gwangju Biennale over alleged incorrect Taiwan-related practices. Guo cited the 1992 joint communiqué establishing diplomatic ties, in which Seoul recognized Beijing as the sole legal government and respected China’s position on Taiwan. He noted that South Korea has repeatedly reaffirmed its unchanged one-China stance this year.

TREE NEWS update: Nie Wenhui, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with David Perez, chairman of the American Chamber of Commerce in Hong Kong, in Beijing. They discussed strengthening US-China business exchanges, industrial chain and supply chain integration, deepening commercial legal service cooperation, and participation in APEC business activities.

TREE NEWS update: China’s Ministry of Emergency Management deployed 796 personnel and 522 sets of equipment from central state-owned enterprises to support rescue operations in Gyirong County, Tibet, following a debris flow disaster. Under unified command, they are conducting search, road clearing, and risk monitoring. Additionally, experts from CCCC and China Railway were sent to Nepal for tunnel rescue assistance.

TREE NEWS update: Israeli Defense Minister Israel Katz said on April 3 that if Iran attacks Israel, Israel will strike all Iranian infrastructure, including energy facilities. The warning escalates regional tensions amid ongoing conflict.

TREE NEWS update: The US August ISM Non-Manufacturing Index is scheduled for release at 22:00 Beijing time. The data will provide insight into the services sector’s performance. Investors will watch for signals on economic momentum and potential implications for Federal Reserve policy.

TREE NEWS reports: Chicago Board of Trade (CBOT) wheat futures dropped 3.5% intraday to 769.5 cents per bushel, reflecting a sharp selloff in agricultural commodities. The move comes amid broader market volatility and changing supply expectations. Traders are monitoring weather and export demand for further direction.

TREE NEWS reports: The final S&P Global US Composite PMI for August came in at 56, matching the preliminary reading. The figure signals continued strong expansion in the private sector, with services and manufacturing activity remaining robust. The data underscores resilience in the US economy amid ongoing market scrutiny of growth prospects.

TREE NEWS update: Shenzhen’s industry and technology bureaus issued a plan to advance intelligent robot core technology, targeting breakthroughs in embodied intelligence toolchains, models, humanoid robot bodies, and core components. The city will leverage local research institutes and establish joint funds for robotics and AI to support foundational research and enhance original innovation capabilities.

TREE NEWS update: Shenzhen’s industry and science agencies issued a 2026-2028 action plan to boost the intelligent robotics sector, pledging a city-district service mechanism to help such companies with financing and listing needs. The plan directs AI, embodied-robot, AI-terminal and high-end equipment funds to leverage social capital in supporting qualified firms, in accordance with regulations.