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Bloomberg Markets
US's Iran Threat Risks Clash With China; Druckenmiller Criticizes Bond Plan|Bloomberg Brief 08/25/26
US equity futures rise after chipmakers rebound. US Treasury Secretary Scott Bessent's plans to isolate Iran risks heightening tensions between the US and China, Tehran's main trading partner. Billionaire investor Stanley Druckenmiller criticizes Bessent's plan to spend billions buying back US bonds. Canada is set to announce a range of measures to protect its workers and businesses from 50% US tariffs. Henry Allen of Deutsche Bank sees market risks on the upside amid a borrowing binge in the AI
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Bloomberg Markets
South Africa’s rand strengthened to a six-month high against the dollar and bonds rallied after an auction of government debt attracted the strongest demand in almost three months.
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