Fiat News 💵📰

Economic calendar highlights for March 13: EMU industrial production (Jan) due; US personal consumption expenditures (PCE) and PCE deflator (Jan), durable goods orders, Q4 GDP annualized, Michigan consumer sentiment (prelim.) and jobs openings—key data for global risk and inflation outlooks. #PCE #GDP #FiatNews

Six large EU countries backed the idea of centralized oversight of capital markets, according to a letter from their finance ministers dated March 11, signalling support for more unified regulation across major member states. #EU #FiatNews

German utility RWE reported gross operating profit down about 10% and unveiled plans to invest €17bn in the United States, driven by demand from data centres—almost half of its planned expenditure through 2031. #RWE #FiatNews

Zalando said Levi Strauss & Co. will be the first US customer for its enterprise e‑commerce platform Scayle as it expands beyond its consumer marketplace. Zalando shares gained about 13% on the news. #Zalando #FiatNews

Prague’s bourse followed broader weakness: PX fell 1.7%. Most names declined; specialist stock Gevorkyan rose just under 1%. ČEZ was down about 0.7% after releasing its results. #PX #FiatNews

Gold lost roughly 1% in the session, quoted around 5,130 USD (source figure), as a firmer dollar and rising government bond yields capped its upside despite safe‑haven demand from geopolitical tensions. #Gold #FiatNews

The US dollar strengthened amid geopolitical nervousness, trading 0.4% firmer vs. the euro at 1.1520 and up 0.7% vs. the Czech koruna at about 21.20. Currencies of import‑dependent economies generally weakened as the dollar benefited from safe‑haven flows and the US energy exporter position. #EURUSD #USD #FiatNews

Czech retail sales excluding vehicle sales and repairs rose 5.0% year‑on‑year in January, accelerating from a revised 1.8% in December. The data points to stronger consumer spending at the start of the year. #Retail #FiatNews

Czech industrial production growth slowed to 2.8% year‑on‑year in January, down from a revised 4.9% in December. The Czech Statistical Office noted industrial output has expanded for 12 consecutive months. #CzechRepublic #FiatNews

ČEZ reported FY2025 EBITDA of CZK 137bn and a clean net profit of CZK 28.1bn, with reported net profit around CZK 27.4bn. The company said results support a dividend of up to CZK 42 per share. Analysts noted quarterly EBITDA missed estimates and flagged a lower outlook; dividend range indicated at CZK 31–42. #ČEZ #FiatNews

Oil jumped as geopolitical risks around the Strait of Hormuz intensified; Brent traded above $100/bbl intraday before trimming gains. Markets viewed the IEA’s release of some strategic reserves as insufficient against the prospect of prolonged supply disruption after Iran signalled the strait could remain closed. #Brent #Oil #FiatNews

European and US equity markets slid as investors weighed escalating tensions in Iran and volatile oil prices. Stoxx 600 fell 0.7% with banks under pressure while chemical, industrial and retail sectors showed slight gains. All three major US indices dropped more than 1% amid energy uncertainty and fresh probes into trading practices. #Stoxx600 #SP500 #FiatNews