Flash News

TREE NEWS reports: FTSE China A50 index futures closed the overnight session up 0.16% at 13,127 points. The move extends the contract’s gains from the previous session, with the index tracking large-cap A-shares. No further details were immediately available.

TREE NEWS reports: US equity index futures closed higher in New York trading on Monday, October 26, with S&P 500 futures up 0.7% and Dow futures gaining 0.23%. Nasdaq 100 futures rose 1.18%, while Russell 2000 futures added 0.3%.

TREE NEWS update: Jordan’s Royal Air Force struck terrorist bases in southern Syria on 26 May, in coordination with the Syrian government, the Jordanian armed forces said. The strikes destroyed multiple bases and killed and wounded several militants, in retaliation for a 23 May church attack in Karak, southern Jordan, which the statement linked to those groups. Syrian media reported explosions and civilian casualties in Daraa province.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.6676 per dollar in New York on Monday, up 14 pips from Friday’s New York close, with intraday trading between 6.6698 and 6.6670. On the daily chart, the CNH is steadily approaching levels last seen in 2022, including the June 6 close of 6.6570, the May 4 close of 6.6223, the April 27 close of 6.5868 and the April 18 close of 6.3777.

TREE NEWS reports: Spot gold rose 0.53% to $4,017.14 an ounce in late New York trading on Monday, October 26, trading in a range of $3,978.32 to $4,029.84 and staging a V-shaped reversal around 21:58 Beijing time. The metal has held near the $4,000 psychological threshold for the past two sessions. Spot silver gained 0.17% to $53.9833 an ounce, while COMEX copper futures rose 0.58% to $6.5450 a pound.

TREE NEWS update: Bank of America, Blackstone, Citigroup and Morgan Stanley will build a $63 billion financing structure to support AI compute capacity, the four firms said in a joint announcement. A newly created special purpose vehicle will buy Broadcom XPU AI accelerators and networking solutions and lease them to Anthropic. BofA, Citi and Morgan Stanley are arranging the first-lien financing, Blackstone is sole funder of the second-lien portion, and Broadcom provides residual-value support matching the first-lien amount. Deliveries are expected to begin in 2027.

TREE NEWS update: Canadian Prime Minister Mark Carney said Canada intends to move quickly to draft technical documents related to a sovereign wealth fund. He gave no further details on the fund’s structure, size or timeline. The remark signals Ottawa is advancing planning for a sovereign wealth vehicle, though no formal proposal has been published.

TREE NEWS update: Iraqi militia groups have agreed to place all weapons under state control by June 30 next year, with several already disarmed and their members integrated into the armed forces, an Iraqi government spokesman said on the evening of the 26th. He said reports that the US ordered the closure of the al-Sheeb border crossing between Iraq’s southern Maysan province and Iran have “no factual basis,” and that the decision was made for regulatory and administrative reasons.

TREE NEWS reports: Brazil’s richest banker André Esteves lost about $9 billion on Monday after a surprise left-wing election victory sent local markets tumbling, forcing the stock exchange to briefly halt trading in early trading. Esteves, 58, founder of Banco BTG Pactual SA, saw his fortune shrink by $3.7 billion, or roughly 24% of his current $12 billion. The 10 Brazilians on the index of the world’s 500 richest people lost a combined $14 billion, the largest single-day drop since the ranking began in 2012.

TREE NEWS reports: Senior representatives from Saudi Arabia, Turkey and Pakistan met Iranian officials in Tehran on Monday to support Qatari and Pakistani mediation efforts aimed at persuading Iran to show flexibility for a diplomatic solution with the United States. Qatari mediators have been pushing a US-Iran agreement under which both sides would make a series of concessions over five days, two diplomats said.

TREE NEWS update: Canadian Prime Minister Mark Carney said he is unwilling to sign the U.S. trade agreement offered by the Trump administration in August. The remark signals continued friction between Ottawa and Washington over the proposed deal, which was put forward two months ago. Carney did not indicate what terms would need to change for Canada to accept it.

TREE NEWS update: White House senior adviser Kevin Hassett said the affordability crisis is a myth, dismissing concerns about household cost pressures. The remark, made in a Fox News interview, comes as affordability remains a central political and economic talking point. Hassett’s comment pushes back on the premise that rising living costs constitute a crisis.

TREE NEWS update: Mexican President Claudia Sheinbaum said on October 26 that the United States has repeatedly requested permission to send personnel into Mexico to take part in operations against drug cartels since President Trump took office, and that Mexico has consistently refused. Speaking at her morning press conference, Sheinbaum said Mexico will continue security cooperation with the US, including intelligence sharing and border enforcement coordination, but only on the principles of sovereignty, territorial integrity, mutual trust and coordination rather than subordination. Actual law enforcement inside Mexico must be carried out by Mexican authorities, she said.

TREE NEWS update: Brazil’s main stock index, the Ibovespa, fell 10% on October 26, triggering the B3 exchange’s circuit breaker for the first time since March 2020 and halting trading in stocks and related assets for 30 minutes. After trading resumed, the index extended its decline, with losses at one point exceeding 17%.

TREE NEWS update: Ukrainian President Volodymyr Zelensky signed a decree on the 26th approving a National Security and Defense Council decision to strengthen ring defenses around Ukrainian cities. The decision calls for building engineering obstacle belts around urban areas and improving related defensive measures and implementation mechanisms. The full text is classified for official use only and has not been made public, with Council Secretary Oleksandr Klimenko tasked with overseeing implementation.

TREE NEWS reports: The Invesco QQQ Trust, tracking the Nasdaq 100, closed up 1.11% on Monday, October 26, while the S&P 500 ETF, U.S. real estate ETF and Russell 2000 ETF gained at most 0.71%. The 20+ Year Treasury ETF and gold ETF rose at most 0.42%. The United States Brent Oil Fund fell 1.3% and the ProShares VIX short-term futures ETF dropped 2.19%.

TREE NEWS update: Bank of America, Blackstone, Citigroup, Morgan Stanley and Broadcom announced a landmark financing agreement valued at $63 billion. The deal brings together three of Wall Street’s largest banks, the private equity giant Blackstone and chipmaker Broadcom in one of the largest financing packages on record. No further terms were disclosed.

TREE NEWS reports: Brazil’s benchmark stock index closed down 13.9% on the day, its worst single-day performance since 2020. The sharp decline marks one of the most severe one-day selloffs for Brazilian equities in recent years.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 0.53% on Monday, Oct. 26, closing at 2,881.65. Among components, Ather Energy Ltd. gained 14.13%, Yadea Group Holdings H-shares added 7.63%, Tesla climbed 5.21% and Hesai rose 4.26%. XPeng’s H-shares bucked the trend, closing down 3.83%.

TREE NEWS reports: The Philadelphia Semiconductor Index rose 2.9% and the memory chip index also gained 2.9% as the S&P 500 added 0.7% and the Nasdaq 100 climbed 1.1%. Lumentum led Nasdaq 100 components with an 8% gain, while Arm, Synopsys and Tesla each rose at least 5.1%. Strategy fell 4.3%, DoorDash 5.9% and MercadoLibre 7.9%, with the telecom sector down 1.5%.