US jobs preview: August nonfarm payrolls are expected at +75,000 (similar to July’s +73k) with unemployment seen rising to 4.3% on Sept. 5. A weak payroll print would reinforce signs of a cooling labor market and, per the report, increase expectations that the Fed will begin cutting rates. #USJobs #Fed #FiatNews

The Czech state budget deficit fell to CZK 165.4 billion at the end of August, down from CZK 168.2 billion in July, the finance ministry said. The deficit is the lowest in six years but remains the sixth-largest since the Czech Republic was established; a year earlier it was CZK 175.8 billion. Budget revenues for the first eight months reached CZK 1.34 trillion, up 5.5% year‑on‑year, driven by a 9.4% rise in tax collections and a 7.3% increase in compulsory social insurance receipts. Expenditures totaled CZK 1.505 trillion, up 4.1% y/y. Personal income tax rose 13.1% to CZK 121.2 billion, corporate income tax increased 10% to CZK 121.5 billion, VAT remained the largest revenue source at CZK 265.1 billion (up 8.2%), and excise receipts climbed 4.2% to CZK 110.2 billion. Finance Minister Zbyněk Stanjura said lower EU inflows and dividends reduced revenues by CZK 20 billion and CZK 16.5 billion respectively, adding: "After adjusting for these factors, the deficit fell by more than CZK 44 billion compared with the end of August last year. This solid result is mainly due to tax and insurance revenue growth outpacing the rise in current spending by 6.9 percentage points." Social benefits were the main expense, up 2% to CZK 615.2 billion (pensions CZK 477.1 billion). Debt servicing rose 13.5% to CZK 58.6 billion. Investment spending grew 23.9% to CZK 127.9 billion, helped by transfers to the State Fund for Transport Infrastructure, which nearly doubled to CZK 56.3 billion. The planned 2025 budget foresees revenues of CZK 2.086 trillion, expenditures of CZK 2.327 trillion and a deficit of CZK 241 billion (2024 deficit: CZK 271.4 billion). #CzechRepublic #CZK #Budget #FiatNews

This week’s corporate calendar features reports from Salesforce, Broadcom and discount retailer Dollar Tree. Investors will watch earnings and guidance for signals on demand and margins amid the current macro backdrop. #Salesforce #Broadcom #DollarTree #FiatNews

Novo Nordisk said Wegovy (semaglutide) reduced the risk of major cardiovascular events (e.g., heart attack, stroke) by 57% versus Eli Lilly’s Zepbound (tirzepatide) among patients who adhered to treatment; with treatment interruption the risk fell 29%. Results were presented at the European Society of Cardiology. Novo Nordisk shares rose about 3%. #NovoNordisk #Wegovy #GLP1 #FiatNews

Czech CPI is forecast at 2.5% by consensus. Given uncertainty over CNB policy, this reading is important: market odds of further rate cuts have fallen and the probability that rates are already at the cycle floor has increased. #Czech #CNB #inflation #FiatNews

Political risks in Europe have risen. The fate of the French government could threaten fiscal consolidation and weigh on sovereign bond markets, while proposed reform of the Netherlands' large pension system poses risks chiefly to longer‑dated government bonds. #France #Netherlands #bonds #FiatNews

In the euro area, markets expect a longer pause in ECB rate cuts, reducing the immediate impact of inflation prints. Tuesday’s preliminary CPI is forecast to show a slight retreat in core inflation toward 2.0%, limiting market reaction. #ECB #CPI #inflation #FiatNews

U.S. consumer inflation for August is scheduled for next week. The release will be a key complement to labour data in gauging the Fed policy outlook, with markets watching whether core CPI continues easing or shows renewed pressure. #CPI #inflation #FiatNews

Ahead of official payrolls, labour‑market signals will arrive from ISM surveys, weekly jobless claims, the ADP report and July JOLTS vacancies. ISM price subindexes will also feed into the inflation debate. These releases will shape near‑term market expectations. #ISM #ADP #JOLTS #inflation #FiatNews

U.S. payrolls for August are forecast to be weak at about 75,000 jobs, similar to July. Such a low reading would reinforce signs of a softening labor market and could prompt earlier Fed rate cuts. Unemployment is expected to tick up slightly but is watched less closely. #USJobs #Fed #FiatNews