TREE NEWS reports: Market pricing now shows about a 50% chance of a 25 basis point Fed rate hike this month, down from 70% yesterday, after Fed officials pushed back. Bitcoin briefly broke above $82,000 this morning, with major tokens up 3-6%. Meanwhile, the House GOP canceled votes on the CLARITY Act until after the midterms, dimming its passage prospects.
TREE NEWS reports: Global copper mine production fell 1.1% in H1, marking the first half-year decline since 2017. Output at Codelco and Freeport-McMoRan dropped by double digits. Morgan Stanley, which initially expected supply growth, now forecasts flat or slightly lower output for the year, suggesting a potential first annual decline since 2017.
TREE NEWS reports: The Guangzhou-Hong Kong horse industry deep cooperation zone is currently under planning, with preliminary work advancing steadily. The initiative aims to foster cross-border collaboration in the equine sector between the two cities.
TREE NEWS reports: The Australian dollar climbed to 0.7208 against the U.S. dollar, reaching its highest level since mid-May. The move reflects continued strength in the currency amid broader market conditions.
TREE NEWS reports: Japan’s 20-year government bond yield declined by 5.5 basis points to 3.76% on [date]. The move reflects continued demand for long-dated JGBs amid market conditions.
TREE NEWS reports: The CSI Convertible Bond Index opened 0.25% higher on [date]. Leading gains were Qiangda Convertible Bond (+20.00%), Zhen 26 Convertible Bond (+3.92%), and Dingjie Convertible Bond (+2.78%). On the downside, Wankai Convertible Bond fell 0.42%, while Tai 21 Convertible Bond and Diwei Convertible Bond each dropped 0.23%.
TREE NEWS reports: China’s ChiNext and STAR 50 indices both rose over 1% on Tuesday, with the Shanghai Composite up 0.39% and the Shenzhen Component up 0.74%. Digital currency, precious metals, and semiconductor chip sectors led the gains, and nearly 3,900 stocks advanced across Shanghai, Shenzhen, and Beijing exchanges.
TREE NEWS reports: China’s treasury futures opened lower on Tuesday, with the 30-year main contract down 0.05%, the 10-year down 0.01%, the 5-year down 0.01%, and the 2-year down 0.00%. The modest declines reflect cautious trading in the bond market.
TREE NEWS reports: China’s Shanghai Composite Index opened at 3955.55 points, up 0.34% on the day. The Shenzhen Component Index gained 0.74% to 13725.65, while the ChiNext rose 0.97% to 3344.62. The CSI 300 opened 0.50% higher at 4575.32, and the STAR 50 advanced 1.04% to 1627.95.
TREE NEWS update: Reserve Bank of New Zealand Assistant Governor Silk said an interest rate hike in October or December remains possible, with December more likely for raising the official cash rate. The comments suggest the central bank is leaning toward a later move amid persistent inflation pressures.
TREE NEWS update: The People’s Bank of China conducted 0 yuan in 7-day reverse repo operations on Tuesday, with 200 billion yuan in reverse repos maturing today. The central bank’s open market operations resulted in a net withdrawal of 1,411.5 billion yuan this week.
TREE NEWS update: China’s central bank set the yuan midpoint at 6.7787 per dollar on Wednesday, up 20 pips from the previous fix of 6.7807. The official close was 6.7181, while the overnight offshore rate closed at 6.7178.
TREE NEWS update: China’s Ministry of Ecology and Environment issued a plan allocating carbon emission allowances for the power sector in 2025-2026 and for steel, cement, and aluminum smelting in 2026. The scheme details allocation scope, calculation methods, issuance, and compliance procedures for the national carbon market.
TREE NEWS reports: Taiwan’s benchmark TAIEX index opened 0.3% higher at 45,991.28 points on [date]. The gain reflects positive market sentiment in the region.
TREE NEWS reports: At the opening of China’s commodity futures on [date not specified], palladium and LPG main contracts rose over 3%, while silver (沪银) gained nearly 3%. Ferrosilicon, platinum, pure benzene, and gold (沪金) rose over 2%. Meanwhile, lithium carbonate, crude oil, LU fuel, and polysilicon fell over 1%.
TREE NEWS reports: Goldman Sachs lowered its 2027 NYMEX natural gas price forecast to $2.80 per MMBtu from $3.50. The bank said demand growth may not sufficiently tighten the US gas balance until 2029, when prices could recover toward the high end of the $3.50-plus range.
TREE NEWS update: Canadian Prime Minister Carney said on the 3rd that the US tariffs on Canadian goods are a ‘miscalculation’. Canada will continue to seek removal of these ‘unreasonable tariffs’ in trade talks and implement countermeasures as planned.
TREE NEWS reports: As of September 3, margin financing on China’s two major exchanges fell 4.037 billion yuan to 2.619 trillion yuan. Shanghai’s balance decreased by 2.246 billion yuan to 1.342764 trillion yuan, while Shenzhen’s dropped by 1.791 billion yuan to 1.276274 trillion yuan.
TREE NEWS update: Missouri’s Supreme Court ruled on September 3 to block the use of a Republican-drawn congressional redistricting map in the November midterm elections, dealing a blow to GOP hopes of maintaining their narrow House majority. The ruling may preserve the seat of veteran Democratic Rep. Emanuel Cleaver, whose Kansas City district had been split under the previous map.
TREE NEWS update: South Korea’s Ministry of Economy and Finance said it will strive to manage the bond market in a stable manner. The statement signals the government’s commitment to maintaining orderly conditions in the debt market, likely in response to recent volatility. No specific measures were detailed.