Euro

• According to 2025 Eurostat data, approximately 32.7% of internet users in the European Union hold paid subscriptions to streaming services for films, series, or sports. • Ireland and Denmark reported the highest adoption rates, with 63.9% and 61.1% of users subscribing, followed closely by the Netherlands at 59.2%. • These figures highlight the growing popularity and accessibility of diverse paid video content across the EU member states.

• Major European indices closed mostly lower as traders exited for the day, contrasting with a positive trend in US stocks. • Radev characterized a 2.5% policy rate as roughly neutral, though he emphasized that future decisions will rely on economic data and financial conditions. • The comments are viewed as hawkish, signaling a potential for further rate hikes, although no firm commitment was made beyond September.

• According to Eurostat data for 2025, 32.7% of internet users in the European Union have paid subscriptions for streaming films, TV series, or sports. • Regional disparities are evident, with Northern European countries like Ireland and Denmark leading in adoption, while Italy ranks in the low-middle tier. • Music streaming shows even higher penetration in the North, led by Sweden at 52%, followed closely by Ireland (51%), the Netherlands (50%), and Denmark (49%).

• Global semiconductor stocks reacted with mixed results in Asia and gains in Europe following the latest earnings report from Nvidia. • The market movement highlights the significant influence Nvidia's financial performance has on the broader AI-driven chip sector. • Investors are closely monitoring these trends to gauge the continued demand for AI hardware and its impact on global tech valuations.

• Severe flooding and landslides have disrupted transport across parts of Nepal, resulting in hundreds of tourist casualties. • European governments, including Italy, Spain, and Belgium, have issued urgent safety guidance and emergency contact details for their citizens in the region. • Italy is urging nationals to register via the "Dove siamo nel mondo" service, while Spain and Belgium have provided direct consular phone lines for urgent assistance.

• The Euro (EUR) continued its three-day winning streak against the British Pound (GBP) on Thursday, though it retreated from session highs during the European opening. • German GfK Consumer Sentiment for September improved to -26.6, significantly beating market expectations of -29.6 and the August figure of -29.4. • The improvement was driven primarily by a surge in income expectations and a slight decrease in the willingness to save, according to the Nuremberg Institute for Market Decisions.

• The European Central Bank (ECB) released monetary development data for the euro area for July 2026. • Annual growth rates for M3 deposits showed a slight decline for households to 2.6%, down from 2.7% in June. • Deposits placed by non-financial corporations remained stable with an annual growth rate of 5.3% in July.