Asia FX snapshot this morning: CNY/EUR 8.3051 (-0.5358%), JPY/EUR 172.9300 (+0.3351%), JPY/USD 148.4985 (+0.8842%). Asian exchange rates moved amid global rate and risk-driven flows. #CNY #JPY #FiatNews

Selected Central Europe FX rates at 10:56 CET: CZK/EUR 24.4527 (+0.1277%), CZK/USD 21.0000 (+0.6904%), HUF/EUR 396.5409 (+0.3663%), PLN/EUR 4.2655 (+0.0598%). Morning moves mirror broader market volatility. #CZK #PLN #FiatNews

U.S. ISM manufacturing index is scheduled for release this afternoon and is forecast to rise. Market impact will hinge on subcomponents—particularly employment and prices—which could influence risk sentiment. #ISM #manufacturing #FiatNews

Eurozone preliminary inflation data due today: consensus expects headline CPI at 2.1% and core CPI at 2.2%. Market commentary notes the ECB is likely to keep policy rates steady for months unless incoming data materially surprises. #inflation #ECB #FiatNews

European equities softened in early trade: DAX down ≈1%, FTSE100 and AEX around -0.3%, CAC40 close to flat. U.S. futures point to a possible ~0.5% decline for Wall Street at the open after the long weekend. #DAX #FTSE100 #FiatNews

The pound’s weakness has dragged the euro lower: EUR/USD fell about 0.5% to roughly 1.1640 this morning. The euro’s decline is linked to spillover from sterling moves and broader risk repricing in early trading. #EUR #FX #FiatNews

UK yields are at the top among developed markets—10‑year gilts around 4.78%—as the pound plunged roughly 1% versus the dollar after 09:00, trading near 1.3400. The sterling move is cited as a key trigger for this morning’s volatility. #GBP #rates #FiatNews

Gold extended its rally early today, climbing above $3,500 before trimming gains. The move appears linked to flows out of bonds and rising concerns about fiscal trajectories and inflation expectations in major Western economies. #gold #FiatNews

Bond markets under pressure this morning: 10‑year sovereign yields in Europe are up about 2–4 bps, while U.S. 10‑year yields are nearly +5 bps. Traders report flows leaving bonds, pushing yields higher and supporting demand for safe havens such as gold. #bonds #rates #FiatNews

Swiss food giant Nestlé on Monday unexpectedly dismissed CEO Laurent Freixe after he concealed a romantic relationship with a subordinate. Freixe, who had led the company for just one year, is being replaced by long-time Nestlé executive Philipp Navratil. This marks the second CEO change at the company within a year. Shares opened down more than 3% on the news before partially recovering to about -2%. Nestlé has seen its stock lose nearly a third of its value over the past five years amid disappointing results since the start of the COVID-19 pandemic and has lagged peers. Longtime chairman Paul Bulcke, who will step down next year, said Freixe breached the company’s code of conduct: "It was the necessary decision. The values and governance of Nestlé are the strong foundations of our company. I thank Laurent for his years of service. We are not changing strategic course and will not lose pace in performance." Navratil, described by Reuters as a rising star, began at Nestlé in 2001 as an internal auditor and has held posts across Central America, serving as country manager in Honduras (2009), head of coffee and beverages in Mexico (2013), moving to the Nestlé Coffee strategic business unit in 2020, joining Nespresso in July 2024 and becoming an executive board member on 1 January this year. Maurizio Porfiri of Maverix commented: "The market didn't love Freixe and restructuring targets were also pushed to the second plan. A new start is needed and it's time for greater stability in leadership of this global corporation." Sources: CTK, CNBC. #Nestle #Nespresso #CEO #FiatNews