Morning Brief: Iran, U.S. Trade Tanker Attacks; China Injects $45 Billion in Banks, Insurers; Japan Likely Sold Treasuries; German Far Right Scores Best Result Ever; Eurozone Q2 GDP to Beat Expectations
Find here our morning brief which compiled the main macro news — released on Twitter — concerning Americas, Asia and Europe.
Americas
Markets
A surprise jump in US hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month, but a hike is still not guaranteed. https://t.co/zQ6EXV82EA
— Bloomberg (@business) September 4, 2026
🇺🇸 Treasury sell-off piles pressure on weakest US borrowers – FThttps://t.co/jc7QmAklva pic.twitter.com/2xSsnJeKpQ
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🇺🇸 #Weekahead | #Apple to Kick Off Ternus Era With Its Biggest-Ever Slate of New Products – Bloomberghttps://t.co/ttmaTf9DBh
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
*Focus on AI
AI Data Center CapEx To Hit Up To $50 Trillion By 2050: PwC https://t.co/hzAkwbPdba
— zerohedge (@zerohedge) September 4, 2026
CEMBALEST: “.. Unfortunately for [Bessent], .. hyperscalers are issuing so much debt that they may be causing a supply-demand issue at the long end ..
— Carl Quintanilla (@carlquintanilla) September 3, 2026
.. in the words of FCC Chair Carr, I suppose [they] can always be informed to do things the easy way or the hard way..” pic.twitter.com/xhXo0k4cQD
🇺🇸 S&P is starting to measure how much room hyperscalers still have before their investment plans begin to threaten their ratings – FT
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
*AI boom is entering a phase where balance-sheet strength and the cost of capital will matter much more.
📊 S&P is not only looking at… pic.twitter.com/S7gzBKOu7G
MS: AI hyperscalers $NVDA $AVGO have disclosed off-balance sheet commitments totaling> $3.1 trillion. From James Wong pic.twitter.com/ij1lFb3bXn
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) September 6, 2026
AI prices have plunged as much in 3 years as PC prices did in 15 📉 🤯 pic.twitter.com/cKzq2e1Pyf
— Barchart (@Barchart) September 6, 2026
Economic Indicators and Prospects
The US added 162,000 jobs in August, far exceeding estimates, as the unemployment rate held steady. Follow our coverage for live updates https://t.co/xaeTF86WAk
— Bloomberg (@business) September 4, 2026
The index of aggregate weekly payrolls for private-sector workers (which combines hiring, wages, and hours) was +4.3% for the year—near the pre-pandemic level. This measure has been little changed for 3 years. pic.twitter.com/Pe8DBmLnId
— Nick Timiraos (@NickTimiraos) September 4, 2026
Growth in average hourly earnings fell to a 5-year low in August. However, BCA's wage survey indicator, which tends to be leading indicator, suggests that wage growth could pick up in the coming months. pic.twitter.com/isy5RvX2Fc
— Peter Berezin (@PeterBerezinBCA) September 4, 2026
Full-time jobs surged by 735K to 134.288MM
— zerohedge (@zerohedge) September 4, 2026
Part-time jobs dropped by 223K to 28.541MM pic.twitter.com/F1XwblPzll
The AI buildout is printing electrician and HVAC jobs
— a16z (@a16z) September 6, 2026
Goldman attributes 300k+ construction jobs to it since 2022, ~75k in the past year
These trades are growing ~2% a year, roughly double construction overall
Charts of the Week: https://t.co/RfYfzHpbLI https://t.co/oAiWcQemjy pic.twitter.com/gXladoTP1u
And ATL Fed's Q3 GDP forecast is at a whopping 4.75% w/ consumer spending adding 2.58 percentage points to that headline figure; there also looks to be a lot of stockpiling of imports, hence net exports contributing -1.46pp and inventories +2.09pp: https://t.co/hth7U4iLzY pic.twitter.com/hhkWzpnNii
— E.J. Antoni, Ph.D. (@RealEJAntoni) September 4, 2026
CNBC: Diesel fuel hits a record Friday at $5.85 a gallon nationwide, a nearly 60% increase over the same period last year. pic.twitter.com/PxO7BfSRCO
— Neil Sethi NEW account (@neilsethinew) September 4, 2026
Canada sheds 42,000 jobs in August while U.S. sees burst of hiring https://t.co/DgeE1GChqN
— The Globe and Mail (@globeandmail) September 4, 2026
Housing
🇺🇸 #Housing | Homebuyers Have More Fresh Options Than They’ve Had in 4 Years – Redfinhttps://t.co/AIYnEJCn6B pic.twitter.com/GQUXGIntWD
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🇺🇸 #Housing #Inflation | August 2026 Rent Growth: Up 0.1% month-over-month, down 0.8% year-over-year – Apartment Listhttps://t.co/eJd0oWY9vE pic.twitter.com/rJS6vqlCmd
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
Another sign that Austin's apartment market is starting to heat back up:
— Jay Parsons (@jayparsons) September 4, 2026
Rent cuts are now just -0.9% year-over-year, according to CoStar. A few months back, it was a nation-leading -5%. pic.twitter.com/th3ukow08r
Monetary Policy
🇺🇸 #Fed’s Hammack Says It’s Time to Act to Bring Down Inflation – Bloomberghttps://t.co/1GQiUzW7a6
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
Trump expresses his ongoing irritation with how economic indicator reports that provide any evidence of overheating lead stocks to pull back.
— Nick Timiraos (@NickTimiraos) September 4, 2026
He renews his demand for lower interest rates: "The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change." pic.twitter.com/t5MuFt61bD
Trade, Politics and Geopolitics
🇺🇸 Trump’s Embrace of AI Data Centers Adds to GOP’s Midterm Peril – Bloomberghttps://t.co/cJRxL6Orgs pic.twitter.com/6udmId0diz
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
The US will hold a formal state dinner in honor of President Xi Jinping when the Chinese leader visits Washington later this month, President Donald Trump said. https://t.co/lUvOHBUMhk
— Bloomberg (@business) September 4, 2026
🇺🇸 🇨🇳 US, China gear up for mid-September AI safety talks – Reutershttps://t.co/jWlxuwesuO
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🇺🇸🇸🇦 U.S. APPROVES $5.75 BILLION IN POTENTIAL ARMS SALES TO SAUDI ARABIA
— Mario Nawfal (@MarioNawfal) September 4, 2026
The State Department has approved two major potential defense deals with Saudi Arabia worth a combined $5.75 billion.
The larger package covers $5 billion in extended-range JDAM precision-guided munitions,… pic.twitter.com/9m7z8CVcIA
🇺🇸 🇺🇦 🇷🇺 US Envoys Due in Kyiv After Putin Says Ending War ‘Not Simple’ – Bloomberghttps://t.co/Ai4Tx2T6F4
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
Focus on Middle East conflict
🇺🇸 🇮🇷 Iran, US Trade Tanker Attacks as Six-Month Conflict Escalates – Bloomberghttps://t.co/x3x6zxFKla
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
🇺🇸 🇮🇷 *US AIRCRAFT CARRIER AND DESTROYER EVADED IRAN ATTACKS: CENTCOM – BBG
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
*CENTCOM: IRAN TARGETED 2 US NAVY WARSHIPS
*CENTCOM DESTROYS 3 IRGC OIL TANKERS, US SAYS
*US TO DESTROY IRAN’S OIL FLEET IF NECESSARY: CENTCOM COMMANDER
*CENTCOM POSTS ON X ABOUT STRIKES ON IRANIAN CRUDE…
🇺🇸 🇮🇷 Trump Calls Iran Conflict ‘Small Potatoes,’ Plays Down War – Bloomberghttps://t.co/XNw6bMXTef
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
Asia/Middle East
Markets
🇨🇳China A-shares: Shenzhen Composite Index up >1%, ChiNext Index up >1.5%, Shanghai Composite up 0.2%; gains led by CPO, grain, large-consumption and PCB-related sectors. #CHINA $SHCOMP $SSEC $ASHR $HSI $KWEB $FXI $HXC $DRAG $YINN $YANG #STOCKMARKET
— CN Wire (@Sino_Market) September 7, 2026
(https://t.co/wSsqnEAIGu)
🇨🇳 #China’s 26% Earnings Boom Lands With a Thud in the Stock Market – Bloomberghttps://t.co/0hAJF5eQuV pic.twitter.com/YsJ2tHf0rC
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🇨🇳 Traders Flock to Bullish Chinese Stock Bets for AI Alternative – Bloomberghttps://t.co/hRmBZHY8S7 pic.twitter.com/eXEdzwp9d1
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
🇨🇳 🇺🇸 Chinese banks purchasing Treasuries after wooing dollar deposits, sources say – Reutershttps://t.co/r8JEDums1e
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 4, 2026
Economic Indicators and Prospects
🇰🇷 South Korea exports surpass full-year record, hit $709.4 billion YTD – Reutershttps://t.co/x3ZPyozBu5
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
Monetary Policy
🇯🇵 🇺🇸 Japan Likely Sold Treasuries to Fund Record Yen Intervention – Bloomberghttps://t.co/zedeBKMgwR pic.twitter.com/e1ieJ9M4es
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
🇯🇵 Takaichi's reflationist aide projects Bank of Japan rate hike in September – Reutershttps://t.co/XQLdQpm9Ax
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
🇮🇳 Indian central bank likely intervened to support rupee, traders say – Reutershttps://t.co/kMYPs9q4uY
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
Fiscal Policy
🇨🇳 #China’s $54b Recap Plan To Bolster Financial Capacity – Shanghai Securities News
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
➡ The 360 billion yuan ($53.7 billion) capital injection into banks and insurers is meant to strengthen financial institutions’ support for economic growth, rather than a move made under stress…
🇨🇳 China Steps Up Financial Support to Boost Demand – Shanghai Securities News
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
➡ China is deploying a new round of financial tools to shore up consumption, investment and housing demand, with analysts expecting measures to take effect gradually, the Shanghai Securities News…
Trade, Politics and Geopolitics
🇨🇳 🇺🇸 #China's Xi seeks to bring large CEO delegation on US visit, sources say – Reutershttps://t.co/NGjNkEWbLo
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
Chinese Rare-Earth Suppliers Halt US Shipments As Decoupling Fears Surge https://t.co/zVQagCqaue
— zerohedge (@zerohedge) September 4, 2026
🇨🇳 🇺🇸 🇮🇷 China Proposes Middle East Security Framework – People’s Daily
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
➡ China’s proposed Middle East security framework offers a path toward lasting regional stability.
➡ President Xi Jinping proposed a four-point framework during talks with Egyptian President Abdel-Fattah…
🇯🇵 🇺🇸 Japan Says Progress Made on $550 Billion Investment Pact With US – Bloomberghttps://t.co/WvOZhJfQy8
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
Europe
Markets
🇪🇺 Europe’s Wealth Managers Are Turning Their Backs on Stock Rally – Bloomberghttps://t.co/IL2ryyt4xn pic.twitter.com/mcINTuR2Q6
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🇪🇺 European #Bonds Suffer the Most as Investors Fret About Energy, Elections – Bloomberghttps://t.co/PqMAy5MQK7 pic.twitter.com/WRGAFK7ahu
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
Oil extends gains after US and Iran strike ships https://t.co/3taWW6vYPr https://t.co/3taWW6vYPr
— Reuters (@Reuters) September 7, 2026
🛢️ Hedge Funds Hike Bullish #Oil Bets to May High as Iran War Flares – Bloomberghttps://t.co/PXg2ajt7Ai pic.twitter.com/kqUMsR89gC
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026
🛢️ OPEC+ AGREES TO KEEP OCTOBER OUTPUT QUOTAS UNCHANGED – BBG
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
*OPEC+ SUB-GROUP TO HOLD NEXT MEETING ON OCT. 4: STATEMENT
Economic Indicators and Prospects
🇪🇺 Regional figures confirm that #Eurozone Q2 GDP is set to be revised upward, comfortably beating expectations.
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
➡ Bloomberg consensus (QoQ):
+0.4%e v +0.4% latest estimate (v 0.0% in Q1).
⚠ Note 1: Distortion caused by Ireland will be even more significant, with GDP growth…
From wine to wheat, France’s culinary identity faces a new reality https://t.co/4vc3zQGXVc via @nayrazz pic.twitter.com/3TejcdjZOD
— Zoe Schneeweiss (@ZSchneeweiss) September 4, 2026
🇹🇷 #Turkey Cuts 2027 GDP Growth Forecast as Elections Beckon – Bloomberghttps://t.co/UsUnxukTDb
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
As a reminder, next week: Turkey interest rate decision on Thursday ⬇https://t.co/HLcHBzsyRz
What if one of Europe's biggest growth challenges isn't innovation, but financing innovation? Fragmented financial markets make it harder for promising firms to scale. Integrating banking and venture capital markets could unlock sizeable growth. Read more: https://t.co/id8qMEjSxL pic.twitter.com/a5PBH5iUeA
— IMF (@IMFNews) September 4, 2026
Monetary Policy
BOE Governor Bailey warns of ‘serious challenge’ from populism https://t.co/18WbSP3EN4 via @tomelleryrees pic.twitter.com/rGmnmKAiuc
— Zoe Schneeweiss (@ZSchneeweiss) September 4, 2026
Fiscal Policy
France will spend more than €1 billion to help its farmers cope with a summer of devastating heat and drought, French Agriculture Minister Annie Genevard said today.https://t.co/gNi1noYLzJ
— POLITICOEurope (@POLITICOEurope) September 4, 2026
Italy extends diesel tax cuts to shield voters from price hikes https://t.co/JEzro5AExB via @Alemrome pic.twitter.com/VOHanfrDTo
— Zoe Schneeweiss (@ZSchneeweiss) September 5, 2026
🇵🇹 Fitch upgrades #Portugal's rating to A+ and says outlook is "stable" – Euronewshttps://t.co/CFP2FukPpW
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
Trade, Politics and Geopolitics
Russia’s hybrid war is Europe’s top threat, EU commander warns https://t.co/X3eQQln1fy via @AfPalasciano @ocrook pic.twitter.com/a4DtTIsrf4
— Zoe Schneeweiss (@ZSchneeweiss) September 4, 2026
As the April-May French presidential campaign enters a critical phase, the numbers look good for Marine Le Pen but France may still avoid its first Far Right government since 1944. Here are the three most recent polls – and some history. 1/ pic.twitter.com/ndNMuhr8p2
— Mujtaba Rahman (@Mij_Europe) September 5, 2026
French President Emmanuel Macron’s international space summit is not going according to plan. https://t.co/l9benVE7O0
— POLITICOEurope (@POLITICOEurope) September 4, 2026
Portugal sees no threat to Schengen from Ceuta migrant surge https://t.co/W7oWUc28hD via @donatopmancini @alfarotiago pic.twitter.com/dZcKoFWFuR
— Zoe Schneeweiss (@ZSchneeweiss) September 6, 2026
*Focus on German state election this weekend
🇩🇪 German Far Right Scores Best Result Ever in State Election – Bloomberghttps://t.co/S1pGFUJrRK
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 7, 2026
Other Areas And Global Economy
⚠ #WeekAhead #Preview: Week 37 (2026) ⚠
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 6, 2026
🇩🇪 German State Election Results
🇨🇦 🇺🇸 Canadian #Tariffs on US Goods
🌏 #BRICS Summit
🇪🇺 🇹🇷 #ECB/#CBRT Meetings
🇺🇸 🇨🇳 US/Chinese #Inflation Reports
🛢️ IEA/OPEC #Oil Reports
🇺🇸 #Apple’s New IPhone Launch
…https://t.co/46ov0mkIMV
🌎 Global Food Prices Jump to Highest Since 2022 as Risks Increase – Bloomberghttps://t.co/knsmqioFbHhttps://t.co/emm8cL81RO pic.twitter.com/HSlJgfqvUR
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) September 5, 2026