{"id":53557,"date":"2025-09-24T08:38:47","date_gmt":"2025-09-24T12:38:47","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-markets-eye-bessents-policy-stance-corporate-moves-and-key-economic-data\/53557\/"},"modified":"2025-09-24T08:38:47","modified_gmt":"2025-09-24T12:38:47","slug":"global-markets-eye-bessents-policy-stance-corporate-moves-and-key-economic-data","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-eye-bessents-policy-stance-corporate-moves-and-key-economic-data\/53557\/","title":{"rendered":"Global Markets Eye Bessent&#8217;s Policy Stance, Corporate Moves, and Key Economic Data"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Treasury Secretary Scott Bessent<\/strong> indicated the US possesses significant <em>leverage points<\/em> against China, including the <strong>IPO market<\/strong>, and plans further meetings in October. He also stated the <strong>Federal Reserve<\/strong> has kept rates <em>too high for too long<\/em>, suggesting an <em>easing cycle<\/em> is imminent.<\/li>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> is projected to <em>beat Q3 delivery and EPS estimates<\/em>, with Wolfe Research forecasting <strong>465k\u2013470k vehicle deliveries<\/strong> and <strong>EPS of $0.55\u2013$0.60<\/strong> against a consensus of $0.49, driven by US tax credits and strong China demand.<\/li>\n<li><strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> plans to raise approximately <strong>$15 billion<\/strong> through a corporate bond sale to fund future projects, including future investments.<\/li>\n<li><strong>Germany&#39;s business confidence<\/strong> has <em>fallen for the first time this year<\/em> in September, with the Ifo Institute&#39;s business-climate index declining to <strong>87.7<\/strong> from 88.9 in August, raising concerns about growth in Europe&#39;s largest economy.<\/li>\n<li><strong>Nissan (<a href=\"\/stock\/NSANY\">NSANY<\/a>)<\/strong> is suspending US-bound production of its <strong>Ariya EV<\/strong> starting with the 2026 model year to focus on the more affordable Leaf EV, citing factors like import tariffs and slowing EV sales.<\/li>\n<\/ul>\n<p>US Treasury Secretary Scott Bessent has been a prominent voice on several critical economic fronts, signaling the Biden administration&#39;s strategic approach to global trade, monetary policy, and domestic industry. Bessent stated that the US holds &quot;a lot of leverage points&quot; with China, specifically mentioning the <strong>IPO market<\/strong>, and confirmed that further discussions are scheduled for October. He also identified <em>chemicals and aircraft engines<\/em> as potential areas of leverage in ongoing China talks.<\/p>\n<p>Domestically, Bessent highlighted that the US is <em>susceptible in certain industries<\/em> and stressed the need to strengthen them. He confirmed that US investment in <strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> was validated by <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>&#39;s (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> recent moves, though he clarified the US has no plans to invest in <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>, as it does not require financial support. The Treasury Secretary also reported that rare earth minerals imported from China are now arriving in the United States.<\/p>\n<p>Regarding monetary policy, Bessent expressed the view that the <strong>Federal Reserve<\/strong> has kept interest rates <em>\u201ctoo high for too long\u201d<\/em> and anticipates the economy is moving into an <em>easing cycle<\/em>. He expects to conduct numerous interviews for the next Fed Chair candidate next week, aiming to finalize the first round by early October. Bessent is seeking a candidate who is <em>open-minded, future-focused<\/em>, and prepared for potential job losses due to Artificial Intelligence. He also noted that Fed Chair Powell was reportedly surprised by Bessent&#39;s comments on the future interest rate path and indicated that recent revisions in jobs data suggest errors or adjustments are needed in economic assessments. Bessent is less concerned about a recession but remains focused on <em>fair wealth distribution<\/em> and <em>rate relief<\/em>, expecting a significant decrease in inflation while monitoring AI market developments.<\/p>\n<p>On fiscal matters, Bessent criticized Democratic government funding proposals and expressed uncertainty about a potential government shutdown next week.<\/p>\n<p>In corporate news, <strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> is planning a significant move to raise approximately <strong>$15 billion<\/strong> through a corporate bond sale. The proceeds from this sale are earmarked for funding future projects and investments, indicating the company&#39;s growth ambitions.<\/p>\n<p><strong>Russia&#39;s Prime Minister Mishustin<\/strong> announced that the Russian state budget expenditure is projected to reach <strong>44.1 trillion roubles in 2026<\/strong>.<\/p>\n<p>In the automotive sector, <strong>Nissan (<a href=\"\/stock\/NSANY\">NSANY<\/a>)<\/strong> has suspended US-bound production of its <strong>Ariya EV<\/strong>, as reported by Kyodo. This decision, effective for the 2026 model year, allows Nissan to reallocate resources to its more affordable <strong>Leaf EV<\/strong>, influenced by factors such as a 15% import tariff on the Japan-built Ariya, the imminent loss of federal EV tax credits, and evolving consumer demand.<\/p>\n<p>Meanwhile, <strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> is poised for a strong third quarter. Wolfe Research anticipates Tesla will deliver between <strong>465,000 and 470,000 vehicles<\/strong>, significantly exceeding the consensus estimate of 445,000. Earnings per share are forecast at <strong>$0.55\u2013$0.60<\/strong>, surpassing the $0.49 consensus, with margins expected between <strong>16.5% and 17%<\/strong>. This projected outperformance is attributed to robust demand driven by US tax credits and strong sales in China.<\/p>\n<p>Finally, <strong>Germany&#39;s business confidence<\/strong> has experienced its first decline this year. The Ifo Institute&#39;s business-climate index fell to <strong>87.7 in September<\/strong> from 88.9 in August, missing economists&#39; expectations for an uptick. This unexpected drop raises questions about the growth trajectory of Europe&#39;s largest economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Treasury Secretary Scott Bessent indicated the US possesses significant leverage points against China, including the IPO market, 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