#USJobs #Fed Attention this week shifts toward macro data, notably the US labour market: official jobs figures are due on Friday. Markets are currently positioned to expect weaker prints, which will be key for near-term Fed policy expectations and economic outlook. #FiatNews

Market participants expect light US trading volumes in the afternoon due to a US holiday, which is likely to limit major moves and keep sentiment subdued. The holiday effect is contributing to a cautious tone after last week’s losses. #FiatNews

The Czech koruna strengthened further on Monday, trading near 24.40–24.4250 CZK/EUR (mid 24.4250 at 11:56 CET). The koruna added gains against both main pairs in early European hours as regional FX flows favored the currency. #CZK #FiatNews

Gold climbed above $3,480 per ounce following its gains on Friday, advancing further in early Monday trade. The metal’s rise reflects continued demand for safe-haven assets as markets digest mixed signals from equities and bond yields. #Gold #FiatNews

#EURUSD The euro continued its ascent against the dollar, trading around $1.1725. Rising European government bond yields have supported the move in the short term, but the report notes increasing political risks that could cap sustainable upside for the currency. #EURUSD #FiatNews

European equities opened the week marginally higher as key indexes climbed up to about 0.3% in early trade, with US futures only slightly positive after a weak Friday. Trading remains cautious into the afternoon, with limited momentum amid subdued market participation. #EuropeStocks #FiatNews

Alibaba shares surged more than 19% in Hong Kong after the company reported a sharp rise in revenue from AI-related products, a move that lifted its market value by over $50 billion. The stock had already jumped 12.9% on US markets on Friday; when Hong Kong reopened on Monday the shares posted their largest intraday gain since November 2022. Cloud revenue rose 26% year‑on‑year, beating expectations, while AI product sales grew by triple digits. #Alibaba #AI #Cloud Investors were reassured amid fierce competition from Meituan and JD.com: JD’s quarterly profit halved and Meituan warned of large losses, after a recent sell‑off removed about $27 billion from the market value of the three firms. The AI rally also lifted peers such as Baidu, which rose about 5.8%, and Tencent. "Alibaba’s results underline a split in Chinese tech: AI is achieving scalable growth, while traditional consumer segments remain stuck in destructive price competition," said Charu Chanana of Saxo Markets. She added that triple‑digit AI revenue growth and robust cloud sales signal Alibaba is becoming a long‑term relevant player in tech, not just retail. E‑commerce chief Jiang Fan said investments in quick commerce—food delivery and instant shopping—have driven a 20% increase in Taobao users. CEO Eddie Wu has previously stated that general artificial intelligence (AGI) is now a primary company objective, as Alibaba ramps up investments in large language models and cloud infrastructure. #FiatNews

BYD’s quarterly profit fell 30% to RMB 6.4 billion in Q2 — the first drop in 3.5 years — highlighting how a domestic price war among Chinese EV makers is eroding margins. Shares slid as much as 8% on the Hong Kong market before trimming losses. Gross margin eased to 18% from nearly 19% a year earlier. #BYD #EV #China The company blamed “negligence in the industry” and “excessive marketing” for pressure on results, a notable admission given BYD’s role in initiating multiple price cuts since 2023 (including one in May). Sanford C. Bernstein said higher promotional spending failed to lift volumes as expected and cut its HK$ target from 133 to 130, while analysts at Morgan Stanley pointed to rising material costs and the expense of the advanced driver-assist system “God’s eye.” R&D spending rose by more than half year‑on‑year, underlining BYD’s continued investment in batteries and EV technologies. BYD’s overseas business is expanding: international revenues (excluding Hong Kong, Macau and Taiwan) rose about 50% in H1, with Brazil accounting for roughly a third of those sales. Bloomberg Intelligence’s Joanna Chen estimates full‑year deliveries could reach 5.0 million units (below BYD’s 5.5 million target); Bernstein’s Eunice Lee forecasts about 5.1 million and sees overseas volumes on track for 1.0 million. The company also signaled faster supplier payments, committing to comply with new rules to pay within 60 days after reportedly averaging 275 days in 2023. #FiatNews

Conditions in the Czech manufacturing sector edged down in August as the S&P Global purchasing managers’ index (PMI) fell to 49.4 from July’s 49.7, slipping further below the 50 threshold that separates expansion from contraction. The decline was the second monthly fall and deeper than in July; the index had been above 50 in June, marking the first expansion since May 2022. The deterioration reflected essentially stagnant output and continued job cuts, even as new orders grew at the fastest pace since February 2022—driven largely by demand for machinery and construction materials. Exports weakened amid the effects of US tariffs and soft demand from Germany. Companies reduced input purchases at the quickest rate since March, drawing on inventories to meet orders, while input-price inflation eased—partly due to a stronger koruna versus the dollar—and output prices fell for a third consecutive month. "Uncertain progress in the Czech manufacturing sector in August was thwarted by supply-chain problems. The level of output, where we had previously seen growth, essentially stagnated due to longer delivery times for inputs and the impact of US tariffs," said Sian Jones, chief economist at S&P Global Market Intelligence. "New orders did rise at a faster pace and business confidence improved, but optimism was insufficient to change the cautious stance of manufacturers, who continued to cut jobs and reduced purchasing." #PMI #CzechRepublic #manufacturing #S&PGlobal #FiatNews

ECB President Christine Lagarde warned on 1 September 2025 that U.S. President Donald Trump’s threats to remove the Federal Reserve chair or Governor Lisa Cook could damage both the U.S. and global economies by undermining central bank independence. Speaking to Radio Classique, Lagarde said that if U.S. monetary policy “were no longer independent and instead dependent on the dictates of one person or another, then I think the impact on the balance of the U.S. economy could, because of the effects this would have around the world, be very worrying, because it is the largest economy in the world.” Lagarde noted Trump has repeatedly criticized the Fed chair for not cutting interest rates and has threatened removal; he has also moved to dismiss Governor Cook. It is unclear whether the president has the legal authority to remove both officials, a matter that would likely be settled in the courts. Observers warn that any successful removal could weaken central bank independence, which is regarded as key to combating inflation. She also reacted to a U.S. appeals court ruling that most of Trump’s import tariffs are unlawful, saying the decision adds “another layer of uncertainty” to the global economic outlook. #ECB #Fed #Trump #Tariffs #FiatNews