TREE NEWS update: President Donald Trump touted August nonfarm payrolls on his social media platform, claiming the economy added 162,000 jobs. He said the figure was nearly three times the consensus forecast in a Bloomberg survey, which he attributed to economists suffering from ‘Trump Derangement Syndrome.’
TREE NEWS update: US average diesel retail price reached a record high of $5.848 per gallon on September 3, surpassing the previous peak of $5.819 set on June 17, 2022. The price is up from $3.7 per gallon a year earlier.
TREE NEWS update: President Trump confirmed on April 4 that his envoy Steve Witkoff and son-in-law Jared Kushner will visit Russia and Ukraine, carrying a plan to “end the war.” Speaking to reporters at the White House, Trump said the Ukraine crisis “must be resolved” and that dispatching them to Moscow and Kyiv “could very well lead to a deal.”
TREE NEWS update: A US judge on September 4 extended an injunction against the government’s new mail-in voting regulations. The move follows a temporary restraining order issued by Boston federal Judge Indira Talwani on August 27, which paused the US Postal Service from implementing the rules. The government appealed on August 28.
TREE NEWS reports: US 10-year Treasury yield rose 1.41 basis points to 4.7821% at New York close Friday, after dipping to 4.7440% just before the nonfarm payrolls report and spiking to 4.8103% on the data. The yield gained 6.41 bps on the week. The 2-year yield added 2.92 bps to 4.3661%, up 2.27 bps weekly, showing an N-shaped pattern.
TREE NEWS reports: On Friday (Sept. 4), U.S. stock index futures closed lower in New York: S&P 500 futures fell 0.53%, Dow futures dropped 0.84%, and Nasdaq 100 futures slipped 0.01%. The Russell 2000 futures rose 0.22%.
TREE NEWS reports: At Friday’s New York close (Sept 4), S&P 500 futures fell 0.53%, Dow futures dropped 0.84%, and Nasdaq 100 futures edged down 0.01%. Russell 2000 futures rose 0.22%.
TREE NEWS update: ByteDance, TikTok’s parent, secured a $30 billion unsecured loan from nearly 30 banks to fund its aggressive AI push, including chips, models, and overseas data centers. The rare unsecured facility marks one of the largest corporate loans for AI infrastructure.
TREE NEWS reports: FTSE China A50 index futures rose 0.29% in overnight continuous trading, closing at 14,696 points. The modest gain reflects steady investor sentiment in offshore markets tracking Chinese equities.
TREE NEWS reports: The offshore yuan (CNH) strengthened to 6.7080 per dollar at the New York close on Friday, up 95 pips from Thursday, approaching its 2022 high of 6.6862. The currency traded in a range of 6.7186-6.7052, near levels last seen in early 2023. For the week, CNH gained 0.34%.
TREE NEWS update: Fitch Ratings has upgraded Portugal’s sovereign credit rating to A+ from A, citing improved fiscal metrics and a declining debt burden. The agency’s decision reflects the country’s robust economic growth and commitment to debt reduction, supporting its medium-term fiscal outlook.
TREE NEWS reports: Spot gold dropped 0.98% to $4,429.07/oz at Friday’s New York close, tumbling from above $4,470 to a daily low of $4,365.73 at 21:01 Beijing time on the US nonfarm payrolls release, breaking the earlier V-shaped rebound. Silver fell 1.22% to $66.1650/oz, while gold and silver posted weekly losses of 0.57% and 0.27%, respectively.
TREE NEWS reports: MSCI’s emerging market currency index rose 0.3%, extending its winning streak to ten consecutive weeks. The MSCI emerging market stock index gained 1.3% during the same period. The continued strength in developing country currencies underscores robust investor appetite for risk assets.
TREE NEWS reports: Bitcoin fell below $80,000 after the US added far more jobs than expected in August, prompting traders to scale back bets on a Federal Reserve rate cut this month. The surprise nonfarm payrolls print pressured risk assets, with BTC sliding as rate-cut expectations faded.
TREE NEWS reports: The Federal Reserve reported that US bank deposits increased to $19.559 trillion in the latest week, up from $19.532 trillion the prior week. The data, released on [date], reflects a weekly rise of $27 billion. This marks a continued trend in deposit growth amid current economic conditions.
TREE NEWS reports: In S&P 500 sector trading, consumer discretionary closed down 1.26%, energy fell 0.98%, and telecom dropped 0.94%, while information technology/tech rose 0.23% and industrials gained 0.41%.
TREE NEWS update: President Trump on Friday dismissed the Iran war as a ‘small’ matter for the US, saying it is a military conflict rather than a real war. He agreed with Vice President Vance’s assessment that large-scale combat operations ended months ago, so the current clashes do not constitute a war.
TREE NEWS reports: Bitcoin fell $1,430 within five minutes of the Bureau of Labor Statistics reporting 162,000 August jobs, five times the average of the prior year. Polymarket traders moved a quarter-point September rate increase from 39.5 cents to the majority outcome inside 15 minutes.
TREE NEWS reports: CFTC data for the week ended Sep 1 showed speculators cut net long COMEX gold positions by 10,504 contracts to 140,811, the lowest in four weeks. Net long copper positions hit a five-week low, while net short NYMEX palladium positions reached an 11-week low.
TREE NEWS reports: CFTC data for the week ended Sept. 1 shows speculators increased net long NYMEX WTI crude oil positions by 15,046 contracts to 119,619, a 12-week high. Combined Brent and WTI net longs hit a 15-week high, while net longs in NYMEX gasoline reached a nine-month high.