US initial jobless claims fell by 33,000 to a seasonally adjusted 231,000 for the week ending Sept. 13, partially reversing a steep prior-week rise to levels last seen in Oct. 2021. Layoffs remain relatively low, but hiring has nearly stalled; economists point to uncertainty from import tariffs as a factor. #jobs #Unemployment #FiatNews

The Fed cut its policy rate by 25 basis points to a 4.00–4.25% target range, the first reduction since December. Updated projections released after the meeting show most officials expect two more cuts in 2025. Chair Powell described the move as “risk management.” Newly appointed Governor Stephen Miran dissented, favoring a 50 bp cut. #Fed #rates #FiatNews

Intel shares jumped 22.8% after Nvidia said it will invest $5 billion in the chipmaker as part of a broader collaboration to develop multiple generations of data‑center and PC products; Nvidia rose 3.5%. The partnership will link Nvidia architectures with Intel via NVLink to combine Nvidia AI and acceleration with Intel CPUs and the x86 ecosystem. The deal follows a White House plan weeks earlier for the US government to take a large stake in Intel. #Intel #Nvidia #FiatNews

Germany’s recent fiscal U-turn should push its government debt trajectory from a long decline back into growth, Natixis scenarios suggest. Under those scenarios, debt-to-GDP would break the recent downtrend from just above 60% and reach roughly 70–80% by 2030. Natixis assumes potential growth of 2.4–3.6% and effective government borrowing rates of 1.8–2.3%, meaning nominal interest costs remain below growth but primary balances are insufficient to prevent rising debt. #Germany #DebtToGDP

Italy presents a counterpoint: its debt level is already much higher but, according to the same Natixis scenarios, should essentially stabilise. Assumed potential growth is 2–3.2% while borrowing rates are higher at 3.1–3.8%; nonetheless, a projected primary surplus of 1.1% keeps the debt path more contained. Italian 10‑year bonds trade at about a 0.8 percentage‑point premium over German yields. Simple extrapolation suggests Germany could reach Italy’s debt-to-GDP level in roughly 40 years under these dynamics. #Italy

On a wider scale, the US is also on a rising debt path: CBO projections imply US government debt-to-GDP could reach an Italian “standard” between about 2040 and 2050 and continue rising thereafter. #CBO #USDebt #FiatNews

Czech National Bank vice‑governor Tomáš Frait said he sees no reason to cut rates now. His comment aligns with a cautious domestic stance as global central banks adjust policy and assess inflation dynamics. #CNB #FiatNews

US Treasury yields eased about 4 bps after yesterday’s rise. EUR/USD traded near 1.1778 in the afternoon, and spot gold hovered around $3,640 per ounce. Short-term moves followed the Fed decision and risk appetite tied to chip-sector news. #EURUSD #Gold #FiatNews

Goldman Sachs reports investor skepticism on European equities: markets await clarity on German fiscal reform and worry Europe may lag on AI gains that favour US stocks, while China is outperforming some emerging markets. #GoldmanSachs #FiatNews

Germany’s Bundestag approved the budget for the year after eight and a half months of operating under a provisional plan. The delay followed last year’s government collapse and this year’s snap elections. #Germany #FiatNews

The Bank of England left its base rate unchanged at 4.00% at today’s meeting, in line with expectations. The decision preserves the current policy stance amid ongoing economic monitoring. #BoE #FiatNews

Roche agreed to acquire US biotech 89bio for $3.5 billion to expand into treatments for obesity and overweight. The Swiss healthcare group says the deal bolsters its pipeline in metabolic disease. #Roche #FiatNews

The competition between Novo Nordisk and Eli Lilly over the most effective obesity pill is intensifying. While NovoNordisk led with injectable drugs Ozempic and Wegovy, Eli Lilly’s injectables Mounjaro and Zepbound have recently taken a dominant position; the race now focuses on oral options. #NovoNordisk #EliLilly #FiatNews

Rohlik Group (including Rohlík.cz) raised gross profit by 38% in the financial year from May 1 to Apr 30. Its operating loss narrowed to CZK 1.54 billion. The group also reported revenue growth over the same period. #Rohlik #FiatNews

Colt CZ Group reported H1 2025 consolidated revenue of CZK 11,015 million, a 13.7% year-on-year rise, and said profit increased by half. The company affirmed its outlook; CEO Jan Drahota commented that strategic steps are moving the group to a new level. #ColtCZ #FiatNews

European indices climbed after the Fed meeting and chip-sector news: STOXX 50 +1.5%, DAX +1.2%, CAC40 +0.8%, FTSE100 +0.2%. In the US all main indexes opened higher; Nasdaq 100 led gains, up over 1%. Chipmakers Intel and Nvidia were major contributors to the rally. #DAX #NASDAQ #FiatNews

The Fed lowered its policy rate by 25 bps, taking the upper bound to 4.25%. Projections modestly improved for growth this year and the next two years, unemployment was nudged slightly better, but inflation outlook for next year was raised by 0.2 pp. Fed hints at further cuts in Oct and Dec; one dissenter (Stephen Miran) preferred a 50 bp cut. #Fed #FiatNews

Nvidia will invest $5 billion in Intel and the two firms will jointly develop chips for PCs and data centres. The surprise partnership lifted Intel shares as much as ~30% intraday. The move signals closer collaboration between major chip designers amid industry consolidation. #Nvidia #Intel #FiatNews

Goldman Sachs strategists warn that investors remain skeptical about European equities, largely waiting to see whether Germany follows through on promised fiscal reforms and concerned that Europe is lagging as AI boosts U.S. stocks and China outperforms other emerging markets. Analysts Sharon Bell and Christian Mueller-Glissmann say this caution has pushed Europe down many investors’ priority lists. "Europe has moved to the bottom of the shopping list," Mueller-Glissmann said, while Bell added: "I want to see it rather than be told it will happen."

Earlier this year the Stoxx 600 outperformed U.S. peers in dollar terms after Germany pledged hundreds of billions of euros for defence and infrastructure, a notable policy shift for the country. In recent weeks the Stoxx 600 has lost ground: the S&P 500 is up about 12% year-to-date at record highs, while the Stoxx 600 is up roughly 8.6% and sits below its March peak. Investors have rotated back into U.S. assets amid signs of resilient growth, expectations of Fed rate cuts and renewed enthusiasm for AI-driven tech stocks.

Goldman strategists say Germany’s spending plans have nevertheless provided a fiscal anchor that reduces fears of extreme downturns. They note questions remain on when stimulus will translate into corporate profits and whether some funds might be absorbed by public budgets. Mueller-Glissmann also reports clients see a very low probability of negative rates in Europe over the next decade, a positive for banks. Bell forecasts corporate earnings growth of about 4% and 6% over the next two years and expects the Stoxx 600 to rise roughly 5% over the next 12 months, noting: "If Europe delivers three quarters of its promises, I would say the market will do very well." #Stoxx600 #SP500 #Germany #FiatNews

On 18 September 2025 the German Bundestag approved the federal budget for the current year after the country operated under a provisional budget for eight and a half months following the November collapse of Olaf Scholz’s government and February snap elections. The budget foresees total spending of €502.5 billion and was passed by 324 votes to 269. #FiatNews

Swiss healthcare giant Roche is acquiring US biotech 89bio for $3.5 billion (about CZK 72 billion) to strengthen its pipeline in treatments for liver and cardiometabolic diseases, including therapies for overweight and obesity. The deal was announced in a Thursday press release.

89bio’s lead candidate, pegozafermin, is an FGF21 analogue now in late-stage development for fatty liver disease—specified in the release as steatohepatitis associated with metabolic dysfunction—and is seen by Roche as an innovative asset for liver and cardiometabolic indications.

Roche, founded in Basel in 1896, reported revenue of $66.42 billion last year. 89bio, based in San Francisco, develops therapies for patients with liver and cardiometabolic disorders for which there are currently limited optimal treatments. #Roche #89bio #obesity #FGF21 #FiatNews

The Bank of England left its base interest rate unchanged at 4.00% and announced a slowdown in its quantitative tightening programme to reduce strain on volatile gilt markets. The decision was communicated in a press release and matched market expectations.

Members of the monetary policy committee voted 7–2 to cut the annual pace of gilt sales from roughly £100bn to £70bn. The BoE said it will shift sales away from longer-dated gilts toward shorter-dated ones in response to recent rises in yields, notably on UK and French government bonds. The move is the first reduction in the pace of balance-sheet runoff since 2022; the bank bought about £875bn of gilts between 2009 and 2021.

"The new target means the committee can continue to reduce the size of the bank's balance sheet in line with the objectives of its monetary policy while minimising the impact of market conditions on the gilt market," said Governor Andrew Bailey. #BankofEngland #BoE #AndrewBailey #gilts #UK #FiatNews

US equities saw elevated volatility after the Fed cut 25bps. Closing moves: S&P 500 -0.10%, Nasdaq 100 -0.21%, Dow Jones +0.57%. Global markets remain close to historic highs amid mixed reactions to central bank messaging. #SP500 #NASDAQ #FiatNews

Although the Fed cut rates by 25bps, relatively hawkish communication supported the dollar; only S. Miran voted for a 50bps reduction. Markets will watch US weekly initial jobless claims today after a prior spike (Texas anomaly); persistently high claims could reverse dollar strength. #EURUSD #USD #FiatNews

Czech National Bank vice‑governor Jan Frait told Bloomberg he sees no reason to cut Czech rates further, calling policy roughly neutral and noting dominant pro‑inflation risks. A firmer dollar after the Fed move is likely to keep the koruna under some pressure. #CNB #CZK #FiatNews

The Fed delivered an expected 25bps cut but signaled a relatively hawkish stance: only one official (S. Miran) backed a 50bps reduction, and the new dot plot sees rates near 3.4% at end‑2026 (markets price ~3%). Powell said policy will be decided meeting‑to‑meeting, downplayed QT’s macro impact, and faced questions on Fed independence after Miran’s proposal for a third mandate was rejected. #Fed #USD #FiatNews

Separately, China launched an antidumping probe into certain U.S.-made semiconductors. Also, ByteDance’s TikTok faces an approaching U.S. deadline to reach a deal to continue operating in the U.S., with reports expecting a possible extension. #semiconductors #TikTok #FiatNews

U.S. regulators recently allowed Nvidia and AMD to sell some AI chips to Chinese firms, but Beijing has urged domestic firms to avoid Nvidia's H20 accelerator over security concerns. The preliminary antitrust finding follows these partial easing steps. #AMD #Nvidia #AIchips #FiatNews

Beijing opened its probe in December despite having conditionally approved Nvidia's $7bn Mellanox deal in 2020 on the promise Nvidia wouldn’t discriminate against Chinese firms. The U.S. later restricted sales of Nvidia’s top AI chips to China. #Nvidia #AIchips #H100 #FiatNews

The announcement coincided with the second day of broad U.S.-China talks in Madrid, where delegations discussed tariffs, TikTok and global economic issues. The timing injects a new tension into ongoing negotiations. #Madrid #US #China #FiatNews

Nvidia shares fell about 2% in premarket trading after China's antitrust finding, while U.S. equity indexes pared gains. U.S. chip makers, including Texas Instruments, were also weaker in early trading. #Nvidia #markets #TexasInstruments #FiatNews

A sudden change in leadership at Nestlé has drawn attention to broader company challenges. Analysts and investors are pressing the Swiss food giant to streamline operations as it faces a difficult consumer environment and pressure on margins. #Nestlé #FiatNews

Consumer inflation remains above the Fed’s target but shows no runaway acceleration, while new jobless claims rose to their highest level since October 2021. The 10-year Treasury yield briefly dipped below 4%; European bonds lagged amid expectations of halted easing. #Inflation #Unemployment #Bonds #FiatNews

Wall Street rallied as signs of an imminent Fed rate cut strengthened after mild inflation data and a jump in unemployment claims. The S&P 500 hit a new record, the Dow Jones topped 46,000, and gold climbed above its inflation-adjusted 1980 high. #S&P500 #DowJones #Gold #Fed #FiatNews

The International Energy Agency (IEA) raised its near-term oil production and demand forecasts in its monthly market report, saying supply will increase more than previously expected. Global production is now seen rising by 2.7 million barrels per day (bpd) this year to 105.8 million bpd, up from an August projection of a 2.5 million bpd increase. The IEA also lifted its demand growth outlook to +740,000 bpd for 2025 (vs. +680,000 bpd in August). #IEA #Oil #OPEC #FiatNews

On 11 September 2025 the Court of Justice of the European Union annulled the European Commission's decision to approve state aid for the construction of Hungary's Paks II nuclear power plant. The court said the Commission "did not sufficiently assess" whether the state funding complied with EU law and failed to examine whether the direct award of the contract breached public procurement rules — a point the court deemed necessary because the direct award was tied to the granting of state aid. #EU #Hungary #Paks

Austria had appealed to the EU's highest court after losing at a lower instance that in 2022 upheld the Commission's 2017 finding that Hungary's measures did not violate state aid rules. Austria — a long-standing opponent of nuclear power — first challenged the aid in 2018 and lodged the cassation appeal now accepted by the Court.

Paks, about 100 km south of Budapest, has been operating since 1982; its four reactors supply roughly 50% of Hungary's electricity. Under a contract with Russia's Rosatom, Hungary planned two new reactors that Moscow said would be delivered in the early 2030s. The ruling highlights scrutiny of Hungary–Russia energy cooperation and legal compliance with EU procurement and competition rules. #FiatNews

FX snapshot (10:44 CET): EUR/CZK 24.4159 (+0.1165%), EUR/USD 1.1694 (-0.0385%), JPY/EUR 172.8550 (+0.2412%), CNY/EUR 8.3288 (-0.0374%), GBP/EUR 0.8650 (+0.0578%). Changes vs prior European close. #FX #FiatNews