Morning Brief: Bessent Could Tap ~$1 trillion TGA; Bessent Unveiled Anti-Iran Global Sanctions Plan; U.S. Eyes China Overcapacity Tariffs; China to Ramp Up Fiscal Stimulus in 2H
Find here our morning brief which compiled the main macro news — released on Twitter — concerning Americas, Asia and Europe.
Americas
Markets
Around half of fund managers surveyed by Bank of America say they expect stagflation over the next 12 months pic.twitter.com/QuLNwhcHLM
— Gunjan Banerji (@GunjanJS) August 24, 2026
*Focus on AI
Meta To Launch AI Agent Platform In Coming Weeks, Targets October – TIFhttps://t.co/qTiQumoP9G
— LiveSquawk (@LiveSquawk) August 24, 2026
Economic Indicators and Prospects
🇺🇸 🛢️ #Oil stocks in US Strategic Petroleum Reserve fall by 3.7 million barrels to lowest level since 1982 – Reutershttps://t.co/cSkvdWkyd7
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) August 25, 2026
Mexico inflation accelerates in early August https://t.co/wHURl5BT27 https://t.co/wHURl5BT27
— Reuters (@Reuters) August 24, 2026
Monetary Policy
Bond market anxiety raises stakes for Warsh’s debut Jackson Hole conference speech https://t.co/MneRFkHEkx
— The Globe and Mail (@globeandmail) August 24, 2026
Fiscal Policy
Bessent's Real Plan: Trigger A Massive Treasury CTAs Short Squeeze https://t.co/xnGjsUQ6q0
— zerohedge (@zerohedge) August 25, 2026
🇺🇸📊 Kalshi puts the probability of the 10-year Treasury ending the year at 4.75% or above at 56% while it is already trading around 4.70% – CNBC
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) August 25, 2026
*The market is clearly betting on the failure to achieve any lasting decline despite the Treasury’s interventions.
🤷♂️ Bessent can act… pic.twitter.com/s3wyFChPCr
The U.S. Department of Energy is awarding $500 million in grants to seven companies to build lithium, cobalt and other critical mineral projects, part of a broader effort to establish a domestic minerals supply chain.
— NTD News (@NTDNews) August 24, 2026
The move follows a $3 billion investment in critical… pic.twitter.com/SI9mjC3CP8
Trade, Politics and Geopolitics
🇺🇸 🇮🇷 🇨🇦 Tariff-Driven Inflation Risks Return With Trump Moves on Canada, Iran – Bloomberghttps://t.co/is1rFl7OkI pic.twitter.com/sRrI3v40y3
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) August 25, 2026
Focus on Middle East conflict
Reuters report: The Pakistani Interior Minister said that "significant progress has been made in talks with Iran on the memorandum of understanding with the United States https://t.co/rfvkL3ARHM
— LiveSquawk (@LiveSquawk) August 25, 2026
Asia/Middle East
Markets
Economic Indicators and Prospects
India faces weakest monsoon in nearly two decades as El Nino strengthenshttps://t.co/0tOD4CPJZf
— Economic Times (@EconomicTimes) August 24, 2026
Monetary Policy
Groundwork Is Set For BoJ Rate Hike Next Month, Ex-Official Says – BBGhttps://t.co/VyP1oNLKxb
— LiveSquawk (@LiveSquawk) August 24, 2026
Fiscal Policy
According to local Korean media reports, the U.S. government has asked the South Korean government to build memory fabs in the U.S. and ensure a stable supply of memory chips.https://t.co/0eygH1b9QS
— Jukan (@jukan05) August 24, 2026
Regulation
Trade, Politics and Geopolitics
Mainland China’s ship activity near Taiwan hits record for third month in a row https://t.co/ru8909Lnf9
— South China Morning Post (@SCMPNews) August 24, 2026
Europe
Economic Indicators and Prospects
France Consumer Confidence Aug: 86 (est 87; prev 86)
— LiveSquawk (@LiveSquawk) August 25, 2026
Spain PPI (M/M) July: 3.0% (prev 0.0%)
— LiveSquawk (@LiveSquawk) August 25, 2026
– PPI (Y/Y): 9.2% (prev 7.0%)
Germany GDP SA (Q/Q) Q2 F: 0.3% (est 0.2%; prev 0.2%)
— LiveSquawk (@LiveSquawk) August 25, 2026
– GDP NSA (Y/Y): 1.0% (est 0.9%; prev 0.9%)
– GDP WDA (Y/Y): 1.0% (est 0.9%; prev 0.9%)
Fiscal Policy
French Finance Minister Roland Lescure says it would be difficult to cut a tax on big companies that was supposed to be a one-time measure https://t.co/ohHCDc9sJU via @WHorobin pic.twitter.com/ePzxQkCvEu
— Zoe Schneeweiss (@ZSchneeweiss) August 24, 2026
French parliament will need ‘serious’ budget talks given bond market tensions https://t.co/vKcN0XIN9u
— BNN Bloomberg (@BNNBloomberg) August 24, 2026
Ireland gets fresh warning about pverspending its tax bounty https://t.co/8w8j6ptfhS via @livfletcher_ pic.twitter.com/zJLHVFJ2YJ
— Zoe Schneeweiss (@ZSchneeweiss) August 25, 2026
Trade, Politics and Geopolitics
UK’s Burnham Plans US Trip Next Month To Lobby Trump On Ukraine Needs – BBGhttps://t.co/bHz4urdT6K
— LiveSquawk (@LiveSquawk) August 24, 2026
Britain and France pledge stronger support as Ukraine marks Independence Day https://t.co/Cr9I0XcCRh
— The Straits Times (@straits_times) August 25, 2026
Other Areas And Global Economy
*Note: Previous briefs can be found here