September 2 Overnight Highlights: US Markets Closed, Gold and Oil Rise, Tesla Motors European Sales Continue Decline, German Defense Minister Refutes von der Leyen's Ukraine Troop Deployment Comments

Deep News
09/02

**Markets**

US stock markets were closed today due to the Labor Day holiday.

Gold prices surged over 0.8%, approaching historical highs.

Oil prices rose during holiday trading as markets focused on geopolitical risks.

European stocks posted modest gains as traders prepare for a critical three-week period for global markets.

**Macro**

Bessent indicated Trump may declare a US housing emergency this fall.

Trump stated that Sheinbaum rejected his proposal to deploy troops in Mexico due to "fear" of drug cartels.

Trump's immigration policies pose threats to key sectors of California's economy.

Bessent noted the US will closely examine sanctions on Russia this week.

German Defense Minister refuted von der Leyen's comments about deploying troops to Ukraine, stating she lacks authorization.

Palestinian President announced that the Palestinian National Authority has the capability and readiness to assume governance of Gaza.

European Council President stated the EU does not welcome tariffs and will always defend sovereignty and the interests of citizens and businesses.

Von der Leyen's aircraft was affected by GPS signal interference.

CELAC convened a special foreign ministers' meeting condemning US military deployment in the Caribbean.

Due to tariff impacts, Brazil's coffee exports to the US plummeted 55% year-on-year in August.

**Corporate News**

Google dismissed claims regarding major Gmail security alerts.

Workplace scandal exposed: Nestlé's newly appointed CEO forced to resign after just one year.

Tesla Motors sales decline in some European markets has continued for the eighth consecutive month.

Wegovy clinical trial results provide support for Novo Nordisk, alleviating its US market challenges.

Trump family cryptocurrency project "World Liberty Financial" launched partial token trading on Monday.

**Analysis**

Uncertain US tariff outlook may delay economic dividend release.

Bessent: Several Federal Reserve chair candidates are also potential board members.

Trump claimed India proposed reducing US tariffs to zero, but it's already too late.

European bond markets: French-German yield spreads remain stable, UK bond curve steepens.

Dollar exchange rate fell to its lowest level since late July.

UK Met Office: Britain experienced its warmest summer on record this year.

Jakarta government: Protests caused $3.3 million in damages with over 1,200 people detained.

Iranian Atomic Energy Organization Chairman: Iran and the International Atomic Energy Agency plan to hold third round of talks.

French President Macron will chair a meeting of Ukraine allies to discuss security guarantees.

Trump stated India proposed reducing tariffs on US goods to zero.

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