European investors have put more money into local stock index-trackers so far in 2025 than in any full-year on record, with demand for defence funds booming, data shows, as President Donald Trump’s erratic trade policy hits their appetite for U.S. shares.
The pound rose to three-week highs against the dollar, as investors grew increasingly convinced that U.S. interest rates are likely to fall more quickly than British ones, following a benign reading of U.S. inflation.
Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to the AI search race.
The dollar eased against the euro after U.S. consumer prices increased moderately in July, leaving intact the case for a Federal Reserve interest-rate cut next month. The consumer price index rose 0.2% last month after gaining 0.3% in June
Half of the top 20 ETFs in the US are linked to digital assets, underscoring the sector’s growing appeal to investors. Top four overall assets by inflows are crypto-related, including BlackRock’s IBIT, which leads the pack with over $57.4 billion in inflows
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset. Strategy acquired 155 Bitcoin for $18 million during the week ending Sunday.
