#Fixed-income markets show divergence: US government bonds are softer while European bonds are slightly recovering earlier losses. Analysts flag that fiscal policy and political pressure on central bank independence could exert downward pressure on longer-maturity sovereign debt. #bonds #FiatNews

#Gold retains its uptrend, trading near $3,540 per ounce. The move is not currently accompanied by broad bond sell-offs; observers note that fiscal pressures and challenges to Fed independence could support bullion and weigh on bonds over a longer horizon. #Gold #FiatNews

#Alphabet’s court win lifts sentiment: a ruling that Google need not spin off its Chrome browser sent Alphabet shares up over 5% in pre-market trading, supporting a modest risk-on tone across equity markets. #Alphabet #FiatNews

European equities bounce after a negative Wall Street session, with Paris’ CAC40 leading gains of more than 1%. Amsterdam’s AEX is +0.8% while Germany’s DAX and the FTSE100 add roughly 0.5%; US futures are similarly firmer. Market participants call it a classic rebound after a short-term dip, with limited broader catalysts beyond a favourable court ruling linked to Google. #Stocks #Europe #FiatNews

A U.S. federal court ruling was seen as positive for Alphabet on Wednesday, sending its shares up more than 5% in pre-market trading after the judge narrowed the remedies in a landmark antitrust case over Google’s dominance in internet search. The court found Google violated antitrust law about a year ago but limited the required fixes: exclusive search deals such as the one with Apple will be banned, yet the judge stopped short of ordering a breakup or forced sale of key assets like the Chrome browser or Android.\n\nThe ruling concluded that Chrome and Android were not used to unlawfully foreclose competition, so demands to divest those assets were rejected. The company reportedly has search-distribution agreements worth about $26 billion with partners including Samsung and Apple, with the Apple deal alone valued at roughly $20 billion annually; Apple shares also rose on the news since non-exclusive preinstallation payments may continue.\n\nThe decision allows Google to keep providing financial or other support to distribution partners for browser preinstallation and generative-AI products, while imposing an obligation to share some search data with rivals. Google still faces a separate antitrust trial over advertising technology due to begin next month. #Alphabet #Google #Antitrust #AAPL #FiatNews

Mmcité group reported higher revenue and profit in Q2, driven by recovering demand in key markets. Revenues rose 13% year‑on‑year to CZK 315 million, operating profit jumped 87% to CZK 28 million (EBITDA margin 8.7%), and net profit was CZK 13 million. The company said the revenue rebound was strongest in the Czech Republic and Slovakia and partially reflects a positive effect from approaching municipal elections in 2026. Management added that higher operating profit also benefited from cost‑saving measures and operational optimizations. “The group’s margins are, however, negatively affected by new duties on imports into the USA, with an estimated EBITDA impact of CZK 10–15 million. The company is therefore preparing a phased start‑up of production in the USA by the end of 2025,” the firm said. Mmcité said production capacity is fully booked through February 2026, prompting capacity increases across the supply chain. The firm confirmed its full‑year guidance: consolidated revenues of CZK 1.25 billion, EBITDA of CZK 78 million and an EBITDA margin of 6.2%. Acquisition Kovostal added CZK 10 million to EBITDA and saw H1 sales up 124% year‑on‑year. Shares trade on Prague’s Start Market and are down more than 45% year‑to‑date. #mmcite #Kovostal #PragueStockExchange #FiatNews

The US dollar strengthened to around 1.16 EUR/USD, supported in part by fiscal tensions in European bond markets (France and the UK) that have drawn flows back to the dollar. Market focus will turn to Friday’s US payrolls for further direction. #EURUSD #USD #FiatNews

The Czech koruna has moved back near 24.50 EUR/CZK and has paused further gains. The move reflects global risk sentiment and a firmer dollar over the past 24 hours rather than domestic drivers. A slight acceleration in wage growth expected today could provide modest support to the CZK. #CZK #EURCZK #FiatNews

Poland’s central bank is expected to cut its key rate by 25 bps today, lowering the main rate from 5.00% to 4.75%. A flash estimate put headline inflation at 2.8% YoY (target 2.5% ±1pp), but core inflation remains less benign. Household consumption contributed 3 percentage points to 3.4% YoY GDP growth in Q2. NBP President Glapiński will hold a press conference Thursday; markets see the cycle floor near 4%. #NBP #Poland #rates #FiatNews

A U.S. court in Washington has ordered Google to share search-related data with competitors to open up competition in internet search, while ruling that the company does not have to divest its Chrome browser or Android operating system as sought by the Justice Department. Judge Amit Mehta also weighed restrictions on agreements with device makers that can block preinstallation of rival products, but declined to broadly ban Google’s default-placement deals on the grounds that such a ban would cause more harm than benefit. #Google #Antitrust #Android The ruling follows Mehta’s August 2024 finding that Google unlawfully maintained a search monopoly. The court noted that Google pays more than $26 billion a year (roughly CZK 550 billion) to companies including Apple and Mozilla in deals linked to search placement. While some restrictive practices were targeted, the judge imposed a data‑sharing obligation to increase rivals’ access to search signals. Google has said it will appeal the decision. Reuters and AP report the company’s appeal could take years to resolve; the U.S. Department of Justice said it is considering next steps. The case is part of broader antitrust actions against major tech firms that began under the previous administration and have continued under the current one. #FiatNews