Nvidia kupuje Hugging Face, Bitcoin ETF spomaľujú, PCE inflácia rastie

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SVET

• Nvidia agreed to acquire Hugging Face for $12.9 billion USD. The Information reports an open-source AI platform, while Business Insider cites unsigned negotiations that could collapse. This follows a hack on Hugging Face and scrutiny of Nvidia’s deal with Groq.
• Bitcoin ETFs attracted $2.8 billion USD in eight days, but daily inflows are weakening. US spot Bitcoin ETFs saw eight days of inflows, pushing Bitcoin to test $80,000. Most capital flows into BlackRock’s IBIT fund, while Grayscale’s GBTC continues losing capital.
• US PCE inflation accelerated to 3.7 percent, stock futures fell on data. July headline inflation reached 3.7 percent year-on-year, core 3.3 percent, in line with expectations. Stock futures fell slightly after data release, bond yields rose, the market now watches Fed Chair Kevin Warsh’s Friday speech.
• Gold holds above $1,888 USD, market awaits Warsh’s Jackson Hole speech. Strong labor data and persistent July PCE inflation leave open the question of whether the Fed will raise rates or hold them at the September meeting. Kevin Warsh’s speech on Friday will signal policy direction.
• Attack on Oman tanker challenged Trump’s words about functional Hormuz. The tanker attack and decline in shipping through the Strait of Hormuz contradict Donald Trump’s claim of full functionality. The US is increasing economic pressure on Iran, which maintains the strait remains de facto closed.
• Iran and Oman agreed on a Hormuz framework, oil prices fall, US economic pressure continues. The corridor and demining agreement for the Strait of Hormuz led to a drop in oil prices. Pakistan reports progress in talks with Iran, but the US continues economic pressure on Tehran.

EURÓPA

• EU gas storage is among the lowest in recent years, Goldman Sachs outlines a scenario above 100 euros. Gas storage is at approximately 63 percent, the lowest in recent years. TTF prices jumped to the highest level since early 2023, Goldman Sachs predicts futures above 100 euros per megawatt-hour if Middle East LNG exports normalize slowly.
• Von der Leyen: EU should fully utilize trade tools if dialogue with China yields no results. The President of the European Commission stated the EU should fully utilize defensive trade instruments if negotiations to reduce the trade deficit with China fail. The Commission opened 30 investigations, while Beijing blocks cooperation on investigating JD.com.
• Czech Chamber overruled Pavel’s veto, opposition heads to Constitutional Court. The Czech Chamber of Deputies overcame President Petr Pavel’s veto of the budget rule amendment. The governing cabinet claims loosening limits is necessary for investment, the opposition plans to challenge the law in the Constitutional Court.

SLOVENSKO

• Government approved only one wind zone instead of two, Climate Coalition speaks of populism. The government approved a single acceleration zone for wind energy in Zemplín instead of the originally planned two pilot zones. The Climate Coalition claims this is a formal step endangering over one billion euros from the recovery plan, which the European Commission must assess.
• Insurers record over 2,500 claims after storms for approximately 6.5 million euros. SLASPO member insurers record over 2,500 reported claims after the August storms, with a preliminary value of approximately 6.5 million euros. Insurers are processing insurance events in an expedited manner.

Translated from the Slovak original and checked automatically: every figure must match the source, or this version is not published.