Today’s macro calendar lists PMI releases for Czech and German industry and eurozone inflation data; on Wednesday US factory orders are scheduled and the Polish central bank will meet. These scheduled datapoints may shape market focus in the coming days. #PMI #inflation #FiatNews

The Czech Finance Ministry proposed a state budget for next year with a deficit of 286 billion CZK. This year’s planned deficit is 241 billion CZK; last year’s was 271.4 billion CZK. The draft includes a repayable loan of 18.3 billion CZK for nuclear units at Dukovany and 30.7 billion CZK earmarked for defence (over 2% of GDP). Excluding these extraordinary items, the deficit would be 237 billion CZK. #CzechRepublic #CZK #FiatNews

BYD shares fell about 8% in Asian trading after the company reported a decline in net profit in Q2. The market reaction followed the weaker quarterly bottom line, with the drop highlighting investor sensitivity to earnings misses in the electric vehicle sector. #BYD #FiatNews

Alibaba shares rose roughly 15% in Asian trading after the company posted a strong fiscal first quarter, driven by significant growth in AI‑related revenues. The jump reflects investor response to the firm’s improved top‑line contribution from AI products and services reported in the quarter. #Alibaba #FiatNews

European indices opened the week defending small gains while Wall Street futures pointed to mild losses. Futures: DAX and FTSE up about +0.1%, CAC +0.2%; Dow Jones -0.1%, S&P 500 -0.2%, Nasdaq -0.3%. Asian trading showed mixed earnings reactions that set the tone for global markets. #DAX #S&P500 #Nasdaq #FiatNews

EUR/USD is trading back above 1.17 ahead of a data-packed week that could determine whether the Fed cuts in September. San Francisco Fed Governor Mary Daly said a policy adjustment will occur soon and called the tariff impact on inflation likely one-off. Key prints: eurozone inflation, US ISM; French political developments (confidence vote expected Sep 8) also pose upside risk. #EURUSD #Fed #FiatNews

The Czech Finance Ministry has proposed a 2026 state budget with a CZK 286 billion deficit, up from this year’s planned CZK 241 billion and compared with CZK 271.4 billion last year. The draft includes an CZK 18.3 billion repayable loan for construction of nuclear blocks at Dukovany and CZK 30.7 billion of defense-related spending above the 2% of GDP target; excluding these items the deficit would be CZK 237 billion. Revenues are projected at CZK 2.094 trillion (‑ up 0.4% year‑on‑year) and expenditures at CZK 2.38 trillion (+2.3%). The structural deficit is estimated at 1.75% of GDP. Defence outlays total 2.35% of GDP, or CZK 206.5 billion, with the Ministry of Defence’s own budget rising 13.9% to CZK 175.8 billion. The largest share of spending remains with the Ministry of Labour and Social Affairs at CZK 990.6 billion (41.6% of total), followed by education at CZK 276.5 billion. Biggest year‑on‑year increases are planned for the Ministry of Industry and Trade (+85.5% to CZK 66.4 billion) and the Ministry for Regional Development (+73.9% to CZK 23.1 billion); the health ministry faces the largest cut (‑26.7% to CZK 12.9 billion). Salaries in the civil administration would rise 4.5%, to CZK 279.5 billion including contributory organizations; education spending falls partly because non‑teaching school staff salaries will be transferred to local governments from January (reducing the education ministry’s budget by CZK 14.4 billion). National investment spending is set at CZK 174.4 billion (CZK 248 billion including EU funds), while R&D funding would reach CZK 53.1 billion (+CZK 1.5 billion). Finance Minister Zbyněk Stanjura described the proposal as a “budget for security and energy independence,” saying: “The budget also preserves social peace, slightly increases funding for science and research, is composed of a record volume of national investments and at the same time meets all legal requirements including a reduction of the structural deficit.” The government can still amend the draft; parliament must approve it by the end of September, but early October elections mean the new lower house will consider the proposal, creating a risk of a provisional budget at the start of 2026. #CzechRepublic #budget #deficit #Dukovany #FiatNews

Bank of America cut its rating on American Eagle to "underperform" and lowered the price target to $10 from $11, citing concerns that recent advertising featuring Sydney Sweeney won’t sustain sales momentum. The downgrade implies more than a 21% potential downside from last Friday’s close. #AmericanEagle #FiatNews

Czech drone maker Primoco UAV reported net profit after tax of CZK 67.1 million for H1, down from CZK 121.2 million a year earlier. The year-on-year decline reflects challenges in the first half for the unmanned aircraft producer. #Primoco #FiatNews

Shares of Danish energy firm Ørsted plunged as much as 19% in Copenhagen after the US administration ordered a halt to the nearly completed offshore wind farm project off Rhode Island. The move pushed Ørsted to record lows amid investor concern over US policy risk. #Orsted #FiatNews