Inflation and monetary policy: Headline CPI eased from 2.9% to 2.7% y/y in July, but core pressures persist in selected services, rents and wages. Forecasts project average inflation of 2.4% in 2025 and 2.2% in 2026. The central bank held the repo at 3.50% in August and signalled a hawkish tone, reducing scope for further cuts this year. #CNB #FiatNews

Labour and confidence: Czech consumer confidence in July reached its highest level since late 2021, supporting the outlook for H2 2025. Yet the job market is slowly weakening—unemployment rose to 4.4% in July (+0.6 pp y/y), driven mainly by job losses in industry. #CzechRepublic #FiatNews

Industry in the Czech Republic shows mixed signs: industrial production stabilised but June missed expectations and new orders fell; July manufacturing PMI hovered around 50, signalling stagnation. Retail sales in June were up 4.5% y/y amid rising real wages and improving consumer sentiment. #PMI #CzechRepublic #FiatNews

Czech GDP growth cooled in Q2 2025: quarter‑on‑quarter real GDP slowed from +0.8% to +0.2%. Statistics office attributed the expansion mainly to private household consumption while net exports subtracted from growth. Baseline forecasts: +2.1% for 2025 and +1.8% for 2026. #CzechRepublic #FiatNews

Germany’s industrial PMI improved in August, edging close to 50 for the first time since mid‑2022, while June exports to the US showed a small deterioration. Growth for 2025 is projected at +0.2% with upside risks, but ongoing uncertainty around an EU‑US trade framework may constrain H2 activity; a 2026 fiscal impulse could lift growth to +0.8%. #Germany #FiatNews

Nvidia reported fiscal Q2 results that largely beat expectations but showed a narrow miss in its most profitable business. Adjusted EPS rose 54% year‑on‑year to $1.05, four cents above analysts’ estimates, and revenue reached $46.7bn (+56% y/y), about $0.5bn above consensus. Gross margin was 72.7%, roughly in line with forecasts. Data‑center revenue, while up 56% to $41.1bn, fell $150m short of Street estimates — a gap that likely contributed to a post‑close share drop of more than 3%. Gaming sales climbed 49% to $4.3bn, beating the $3.8bn expected. The company said it sold no H20 chips in China during the quarter but freed $180m of previously reserved H20 inventory to a non‑China customer. Major cloud providers — roughly half of Nvidia’s data‑center business — are already buying the new Blackwell generation; Blackwell sales rose 17% sequentially. CEO Jensen Huang said, “Blackwell is the AI platform the world has been waiting for — demand is extraordinary, because reasoning‑based AI drives massive gains in training and inference performance.” For Q3 Nvidia guided revenue of $54bn (about $1.5bn above estimates) and forecast gross margin near 73.5% (+/‑50bps); the outlook excludes H20 sales. The board also approved an open‑ended $60bn share buyback authorization; the company repurchased $9.7bn of stock in the quarter. #NVDA #Nvidia #AI #Blackwell #FiatNews

#Shares & stakes: Nikon shares rose after reports that EssilorLuxottica is considering increasing its stake in the company, drawing investor interest on potential strategic shifts. #Nikon #EssilorLuxottica #FiatNews

#Energy & markets: Cnooc reported lower profits attributed to weak oil prices, reflecting persistent commodity headwinds for upstream producers. #Cnooc #FiatNews

#China platform pressures: Meituan warned of potential losses amid an aggressive price war with Alibaba and JD.com, signaling margin pressure as competition intensifies across on‑platform services and delivery. #Meituan #FiatNews

#M&A: Sompo Holdings agreed to buy Aspen Insurance for $3.5 billion, expanding the Japanese insurer’s international footprint and reinsurance capabilities in a deal aimed at bolstering growth. #Sompo #FiatNews