TREE NEWS update: US Trade Representative Jamieson Greer said the US cannot meet Canada’s demands in trade negotiations, having hoped Ottawa would offer more tariff relief. He noted receiving text messages and engaging with Canada, but no dialogue has occurred since talks recently broke down.
TREE NEWS update: Armenian Prime Minister Nikol Pashinyan said on March 3 in Yerevan that Armenia will not abandon the bill on starting EU accession, which was passed by parliament earlier. He said the bill reflects the will of the Armenian people, and if anyone suggests dropping it, his answer is “impossible.”
TREE NEWS update: Brazil’s Senate has approved legislation eliminating taxes on small-value imported goods. The measure now moves to the lower house for further consideration. If enacted, it would reduce costs for consumers purchasing low-priced items from abroad, potentially impacting e-commerce and cross-border trade.
TREE NEWS reports: US long-term Treasury yields have climbed to near 20-year highs, driving yields higher across many countries. A German scholar told state media that US debt growth shows no sign of slowing, and the rise in Treasury yields is transmitting through international financial markets. The higher financing costs add extra pressure on Germany as it expands defense and infrastructure spending.
TREE NEWS reports: FTSE China A50 index futures rose 0.40% in the overnight continuous session, closing at 14,613 points. The gain reflects positive sentiment in Chinese equities amid global market moves.
TREE NEWS reports: The US Rate-Cut Winners Index rose 1.27% to 94.04 points on Thursday (September 3), after an initial surge that peaked at 94.80 points at 21:36 Beijing time before retreating. The index tracks stocks likely to benefit from Federal Reserve rate cuts.
TREE NEWS reports: US stock index futures closed higher Thursday night in New York. S&P 500 futures rose 0.97%, Dow futures gained 1.13%, and Nasdaq 100 futures climbed 1.08%. Russell 2000 futures added 0.41%.
TREE NEWS reports: The offshore yuan (CNH) traded at 6.7175 per dollar late Thursday in New York, down 5 pips from Wednesday’s close. The currency traded in a range of 6.7207-6.7162 during the session.
TREE NEWS reports: MSCI’s emerging markets stock index rose 0.2% today, while its foreign exchange index also gained 0.2%. The move reflects modest risk appetite in developing markets.
TREE NEWS reports: The dollar weakened broadly on Thursday, with the euro up 0.35% to 1.1629 and sterling gaining 0.29% to 1.3528. The Swiss franc strengthened 0.67% against the dollar, while the Hungarian forint surged 1.90%. Commodity currencies and Nordic currencies also advanced, though the Turkish lira and Brazilian real slipped.
TREE NEWS update: On September 3, Ukraine’s Navy reported that its unmanned boats struck a Russian multi-purpose support vessel at the port of Sochi, causing a violent explosion and large smoke plumes. The vessel is part of Russia’s maritime and energy infrastructure. Russia has not yet responded.
TREE NEWS reports: Spot gold rallied 2.07% to $4,472.28/oz at New York close Thursday, briefly touching $4,510.85 at 23:19 Beijing time. Silver gained 2.56% to $66.984/oz, while COMEX copper rose 1.18%. The Philadelphia Gold and Silver Index closed up 3.04%, and the NYSE Arca Gold Miners Index gained 3.85%.
TREE NEWS update: U.S. Vice President JD Vance downplayed opposition to data centers, calling the rapid buildout an investment opportunity amid rising public negativity ahead of the midterms. “You have to make it easier to reinvest in America,” he said Thursday at a White House press briefing, adding that the backlash stems from insufficient electricity construction until about 18 months ago.
TREE NEWS update: US Vice President JD Vance said on September 3 that Washington is investigating a recent attack on a wedding in Iran. Speaking at a White House press conference, he noted that such incidents sometimes happen, but the US has no confirmed information yet. He expressed skepticism toward Iranian media reports and reiterated that the US will not negotiate with Iran as long as attacks on ships in the Strait of Hormuz continue.
TREE NEWS update: Brazil said it may impose reciprocal countermeasures against the European Union if negotiations to lift the EU’s ban on Brazilian meat imports fail to progress. The statement was issued by the Brazilian government, warning of potential retaliation in the ongoing trade dispute.
TREE NEWS update: Iraq sold 73 million barrels of oil in August, the highest monthly export level since the 2003 US-led invasion, head of state marketer SOMO. Revenue from the OPEC member’s sales reached about $4.5 billion. Southern terminals exported roughly 70 million barrels. Basra Medium crude was priced at a $25 per barrel discount, Basra Heavy at $29, versus a $14 discount in July.
TREE NEWS update: Canadian Prime Minister Mark Carney said two weeks ago Canada made the right decision to suspend trade negotiations with the United States, stating ‘we cannot accept the conditions offered by the US nor meet its demands.’ He added that the US imposed new tariffs with the aim of harming Canadian interests and creating divisions.
TREE NEWS reports: On September 3, US Central Command said its naval blockade of Iran in regional waters has diverted 87 merchant ships, disabled 3, and boarded 2 for inspection as of that day. The operations continue, with no further details provided.
TREE NEWS reports: Tyson Foods shares closed down 7.3%, marking their largest single-day decline since May 2025. The drop reflects investor reaction to recent developments, though no specific catalyst was detailed in the report. The stock’s performance underscores ongoing volatility in the consumer staples sector.
TREE NEWS reports: The S&P 500 provisionally closed up 1%, with consumer discretionary up 1.6% and financials, telecom, tech, and real estate each gaining over 1%, while energy fell 0.6%. The Nasdaq 100 rose 1.1%, led by Strategy up 17.4%, Palantir up 7.6%, and Tesla up 5.5%, with declines in Applovin, Western Digital, ASML, Broadcom, and Kraft Heinz.