Tesla sales in Europe have fallen for an eighth consecutive month as Chinese rival BYD expands rapidly across multiple markets, Reuters reporting shows. The slump continued in August amid stronger BYD competition and adverse reactions to CEO Elon Musk's public behaviour. Only Norway, Spain and Portugal have avoided the full downtrend, though BYD’s gains outpace Tesla even there. August registrations: France -47.3% year‑on‑year; Sweden -84%; Denmark -42%; the Netherlands -50%; Italy -4.4%. In Norway Tesla rose 21.3% while BYD jumped 218%. In Spain August Tesla sales increased 161% to 1,435 vehicles, yet BYD rose over 400% to 1,827. Through January–August BYD sales in Spain surged 675% to 14,181 versus Tesla’s 11.6% gain to 9,303. ACEA data show Tesla’s European sales in July fell 40% to 8,837 cars while BYD tripled to 13,503. "The disappointment in Tesla's volumes can be partly attributed to a more competitive market environment," said Matthias Schmidt, an analyst of the European auto market. The Financial Times has noted reputational damage tied to Musk’s political interventions, including visible support for Germany’s AfD and provocative public remarks. Market share in Western Europe fell from 2.5% to 1.7% in the first half of the year. #Tesla #BYD #EVs #Europe #FiatNews

Central European market closings for 01.09.2025: Poland WIG20 2,770.36 (−0.84%), Czech PX 2,271.61 (+0.16%), Hungary BUX 103,713.16 (+1.13%). These are end‑of‑day index levels and percent changes for the main regional exchanges. #WIG20 #PX #BUX #FiatNews

The Prague bourse rebounded after an eight‑day slide, with the PX Index up 0.16% at 2,271.61. Nine of the 12 index components closed higher. Notable movers: Photon Energy +2.45% to CZK 16.70, Colt CZ Group +1.94% to CZK 735, and Philip Morris ČR +0.67% to CZK 18,020. #PX #FiatNews

Shares of Erste Bank received a new analyst target: Morgan Stanley raised its price target to €97 from €86 and kept its recommendation at “overweight.” The update reflects the bank’s revised valuation by the firm. #Erste #FiatNews

Spot gold climbed to a record $3,508.50 per troy ounce (CZK 73,260), marking its sixth consecutive daily gain, supported by a weaker dollar and growing bets on U.S. rate cuts. Silver remains near a 14‑year high reached on Monday. #Gold #Silver #FiatNews

A U.S. federal appeals court ruled 7–4 that most of President Donald Trump’s global tariffs are unlawful, finding that only Congress can impose broad tariffs. Trump called the decision “highly partisan” and plans to appeal to the U.S. Supreme Court. September is historically weak for equities: S&P averages −4.2% (last 5 yrs) and −2% (last 10 yrs). #US #S&P500 #FiatNews

European stocks are set to open largely unchanged as trade‑related uncertainty drives global volatility. Britain’s FTSE 100 and the pan‑European Stoxx 50 are expected to be flat, Germany’s DAX slightly softer and France’s CAC 40 mildly positive ahead of the trading day. #Stoxx50 #DAX #FiatNews

After the US holiday, the euro‑dollar week begins with a busy calendar. Eurozone inflation due this morning is expected to ease slightly, possibly below consensus, while this afternoon US ISM manufacturing data will be watched for signs of tariff‑driven supply shocks and resulting price pressures. #EURUSD #inflation #ISM #FiatNews

U.S. policy shifts in financial regulation could have global consequences, warn Gary Gensler, Lev Menand and Joshua Younger in a VoxEU analysis. They say current U.S. moves combine familiar deregulatory steps with largely unprecedented policies that may reshape the dollar-based system and international finance. "[They] could endanger the foundations of the global dollar system, namely bilateral cooperation, trust and interdependence," the authors write. The economists point to concrete measures: proposals to step back from the Basel regulatory framework, suggestions to exclude government bonds from some leverage metrics, a softer approach to bank merger reviews, and efforts that have almost dismantled the Consumer Financial Protection Bureau. Treasury official Scott Bessent is cited as saying the U.S. should "selectively pick what is inspiring" from Basel rules. Analysts warn these changes could raise leverage, weaken enforcement, encourage financial crime (including via stablecoins outside government reach) and ultimately put upward pressure on interest rates. Basel rules—originating from the 1974 banking crisis and tightened under Basel III after 2010 to raise capital and liquidity—have long underpinned international banking standards. The VoxEU piece argues U.S. unilateral departures could undermine those norms and harm global financial stability. Rohit Chopra, who led the CFPB under President Biden, is quoted: "by its nature the CFPB is a law‑enforcement agency. It sues big financial institutions that cheat consumers." #USD #Basel #CFPB #stablecoins #FiatNews

Aswath Damodaran commented that markets have repeatedly moved to new highs despite recurring concerns about high valuations, arguing that interest rates are not the primary determinant of market valuations in the past decade. #FiatNews