Flash News

TREE NEWS reports: US continuing jobless claims for the week ending Aug 22 came in at 1.779 million, below the 1.795 million expected and slightly above the prior week’s revised 1.778 million. The data suggest a gradual cooling in the labor market, with fewer individuals drawing unemployment benefits.

TREE NEWS reports: Canada’s labor productivity rose 1% in the second quarter quarter-over-quarter, rebounding from a revised 0.5% decline in the prior period. The data, released today, signals a recovery in output per hour worked. This improvement follows a period of contraction, suggesting potential gains in economic efficiency.

TREE NEWS reports: Canada’s trade balance for July narrowed sharply to a surplus of C$770 million, down from C$3.86 billion in the previous month. The figure reflects a significant reduction in the trade surplus, indicating weaker export performance or stronger import growth. This data point may influence expectations for Canadian economic growth and currency movements.

TREE NEWS reports: The US trade deficit widened to $88.6 billion in July, exceeding the expected $74.5 billion and the prior month’s $73.3 billion. The larger-than-expected gap signals ongoing import strength and potential drag on third-quarter GDP.

TREE NEWS reports: On Sept 2, US stocks rose with Dow +0.56%, S&P 500 +0.47%, Nasdaq +0.45%. Hecla Mining (HL) surged 8.69% to $20.77 despite silver gaining less than 1%, as weak ADP jobs data (38K vs 47K expected) cooled rate-hike bets. Miners show operational leverage. Ciena (CIEN) reports premarket tonight at 12:30 UTC.

TREE NEWS update: On September 3, Greater Bay Airlines flight HB836 landed at Kunming Changshui International Airport at 11:13 AM, marking the official launch of the Hong Kong-Kunming round-trip route. All 139 inbound passengers cleared customs in just 20 minutes, establishing a convenient air link for connectivity, trade, and cultural exchange between Yunnan and Hong Kong.

TREE NEWS reports: The Baltic Dry Index gained 4.71% to reach 3,488 points. This increase reflects stronger demand for dry bulk shipping, a key indicator of global trade activity.

TREE NEWS update: Electricity has been restored in the core area of the mudslide disaster in Gyirong, Tibet. The announcement was made by Xinhua News Agency. This marks a key step in ongoing relief efforts in the affected region.

TREE NEWS reports: Spot gold crossed $4,450 per ounce on Friday, rising more than 1% intraday. The precious metal extended its rally amid sustained safe-haven demand and market uncertainty. Traders are watching for further upside momentum as gold continues to hit record levels.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs held a national on-site meeting in Yili, Xinjiang, to promote large-area yield increases for grain and oil crops. The meeting emphasized unremitting efforts in grain production, advancing yield improvement on a broader scale, and integrating good farmland, seeds, machinery, and methods to continuously tap yield potential, ensuring national food security.

TREE NEWS reports: Blackstone’s private credit fund has again set its redemption limit at 5%. The move, announced recently, restricts investor withdrawals to 5% of net asset value per quarter, a measure aimed at managing liquidity. This marks a repeat of a similar cap previously imposed by the firm.

TREE NEWS update: Russian President Vladimir Putin said on September 3 that a resolution to the Russia-Ukraine conflict remains possible, but depends on both parties reaching consensus. Speaking at the Eastern Economic Forum plenary, he called attacks on civilian ships and threats against civilian aircraft “state terrorism,” accusing Ukraine’s Western allies of complicity by staying silent, which he said hinders peace talks.

TREE NEWS update: A 5.2-magnitude earthquake struck near Beichuan County, Mianyang City, Sichuan Province, at 19:39 on September 3 (local time), according to the China Earthquake Networks Center’s automatic determination. The epicenter was located at 31.91 degrees north latitude and 104.47 degrees east longitude. The final result is subject to the official rapid report.

TREE NEWS update: Germany’s leading economic research institutes released autumn forecasts on Friday, upgrading their 2026 growth expectations for the country. They cited recovering exports and increased government spending as key drivers of a gradual economic recovery.

TREE NEWS update: Iran’s parliamentary national security and foreign policy committee chairman Ebrahim Azizi said on Tuesday that the Strait of Hormuz will not be opened without Iran’s consent. He added that Iran has demonstrated to the US its ability to turn threats into credible deterrence. The statement was carried by Iranian state media.

TREE NEWS update: Ukrainian Foreign Minister Andrii Sybiha said on September 3 that peace mediation efforts in the Russia-Ukraine conflict may see new progress, entering an active phase of political and diplomatic activity, with peace consultations possibly resuming.

TREE NEWS update: Chinese Vice Premier Liu Guozhong inspected Inner Mongolia from Sept. 1-3, urging local authorities to strengthen agricultural disaster prevention and mitigation to secure a bumper autumn grain harvest and ensure national food security. He emphasized focusing on key stages of autumn grain production to support high-quality economic and social development.

TREE NEWS update: At the Saudi Capital Market Forum on September 3, Mohammed Al-Rumaih, CEO of the Saudi Exchange, said that in 2024 two ETFs investing specifically in Saudi Arabia were listed in Shanghai and Shenzhen, facilitating Chinese investment. Over 400 Chinese institutional and non-institutional investors now participate in the Saudi capital market, with holdings exceeding $4.8 billion.

TREE NEWS update: China Development Bank (CDB) has disbursed 460 million yuan ($64.5 million) to the first three private investment projects under its 2026 new policy-based financial instrument. The funds, released on September 2, will supplement project capital for major construction, boosting support for private investment.

TREE NEWS update: Iran reported on Sunday that three of its pilots were killed in the latest US attack on the country. The announcement was made by Iranian officials, who did not provide further details. The incident marks a significant escalation in tensions between the two nations.