A Feb. 4, 2026 commentary revisited whether markets are drifting back toward the post‑2008 “new normal” — a regime defined by persistently low short‑ and long‑term interest rates across many advanced economies. The note says that in recent years there has been recurring speculation about such a shift. The defining feature of that earlier period was unusually low borrowing costs for both short and long maturities in a number of developed countries. Observers have asked whether that pattern could reassert itself after the higher rate environment seen more recently. The commentary treats the topic as an open question and highlights the historical contrast: prolonged low rates after 2008 versus the more volatile rate path of the past few years, leaving the debate among market participants ongoing. #InterestRates #Macro #2008 #FiatNews

Snapshot of key indices and FX: PX 2,804.8 (+0.69%), DAX 24,711.1 (‑0.28%), STOXX 600 621.2 (+0.52%), Nasdaq 23,037.5 (‑0.94%), S&P 500 6,919.4 (+0.02%); USD/EUR near 1.1795 (-0.20%). These readings reflect mixed regional flows and sector rotation. #FiatNews

TS Lombard flagged that current liquidity trends should be supportive for equity markets. The firm’s view adds to a cross‑section of analyses assessing whether macro liquidity conditions will sustain risk appetite despite episodic volatility. #markets #FiatNews

Uber reported solid year‑end results that outperformed on core metrics, but issued weaker profit guidance for Q1; shares initially fell about 10% in pre‑market trading. The reaction underlines how negative short‑term outlooks can outweigh strong trailing results. #Uber #FiatNews

Eli Lilly signalled a strong outlook, with revenues potentially rising up to 27% this year, underscoring a widening gap with Novo Nordisk’s weaker sales forecast. The contrast highlights diverging prospects among major players in weight‑loss and related drug markets. #EliLilly #NovoNordisk #FiatNews

Markets face a wave of major corporate results this week: Alphabet reports after the U.S. close today, followed by Amazon’s numbers tomorrow. Investors will watch these tech giants closely for guidance and any implications for broader sentiment and AI investment trends. #Alphabet #Amazon #FiatNews

Prague’s PX index rose 0.7% on the session. Gains were led by defence contractors, ČEZ and Moneta, while Erste and Doosan recorded losses. The local market outperformed some European peers amid mixed regional flows and sector rotation. #PX #FiatNews

EUR/USD slipped below 1.1800 even as U.S. Treasury yields edged higher and European yields declined. The Czech koruna weakened versus both major currencies, losing more than 1% against the U.S. dollar. Commodities: gold fell back below $5,000 per unit while oil posted modest gains. #EURUSD #CZK #FiatNews

UBS reported a strong fourth quarter: net profit rose about 56% year‑on‑year to $1.2 billion, driven by solid performance in wealth management and investment banking divisions. The result reflects continued strength in its asset management operations. #UBS #FiatNews

Eurostat’s flash estimate shows euro‑area inflation slowed to 1.7% year‑on‑year in January from 2.0% in December. The easing pace in consumer prices will factor into ECB policy deliberations and market expectations around rates. #inflation #EUR #FiatNews

Advanced Micro Devices reported results that the market punished with an around 8% share drop despite solid underlying sales. Analysts flagged rapidly rising operating costs that limit the ability to convert revenue growth into operating leverage; the success of the MI4XX chip family is now seen as critical. #AMD #FiatNews

Novo Nordisk warned investors after European markets closed that full‑year revenues are expected to fall between 5% and 13% year‑on‑year. The firm’s recent strong run—its shares rose about a third in December–January—was sharply reversed by the company’s downbeat revenue outlook. #NovoNordisk #FiatNews

Komerční banka is expected to report a slightly weaker year‑on‑year quarter, with estimates pointing to net profit falling about 1.9% to roughly CZK 4.6 billion for the final quarter of 2025. Market attention is set to shift toward the bank’s dividend policy when results are published. #KomerčníBanka #FiatNews

Anthropic launched a new tool within its Claude Cowork suite aimed at helping lawyers with contract review and automation. The announcement triggered broad selling across software, financial services and asset managers, erasing about $285 billion in market value across U.S., European and Asian stocks. #Anthropic #AI #FiatNews

U.S. markets closed sharply lower yesterday as volatility picked up and investors grew jittery. Traders fell from daily lows before a late rebound, after a recent silver sell-off and fresh AI news unsettled sentiment. European markets were mixed, with FTSE100 and CAC 40 rising while DAX slipped. #markets #FiatNews

Uber shares experienced a sharp pre-market reversal after the company’s latest results. Despite reporting strong operating figures for the end of 2025, the stock initially fell about 10% in pre-market trading after management issued a weaker-than-expected profit outlook for Q1, which dominated early market pricing. #UBER #earnings Analyst Jakub Blaha notes the report underlined how depressed current market sentiment remains: solid trailing results were not enough to offset the impact of softer forward guidance. The immediate outcome—an algorithm-driven initial sell-off—highlights the market’s focus on near-term profit projections. The episode illustrates the prevailing dynamic in equity markets where guidance and forward-looking metrics can outweigh recent performance in investors’ and automated trading systems’ reactions. No further guidance or numeric revisions beyond the Q1 outlook were detailed in the summary. #FiatNews

Eli Lilly is now seen in sharp contrast to Novo Nordisk in the market for weight‑loss drugs, with the gap between the two companies widening markedly. Observers note that Eli Lilly has held a leading position in the category for some time, and recent developments suggest the divergence in performance has become more pronounced. As a result, company revenues could rise by as much as 27% this year. #LLY #NVO The projection that revenues may increase up to 27% reflects Lilly’s stronger momentum in obesity treatments relative to Novo Nordisk as of Feb. 4, 2026. The shift highlights a changing competitive landscape in drugs for weight management, where market shares and growth trajectories are evolving rapidly. Market participants will be watching sales trends and uptake of new therapies closely, as these will determine whether the current lead persists and how both firms perform through the remainder of the year. #FiatNews

Komerční banka is expected to report a slightly weaker year‑on‑year result for the fourth quarter of 2025, with net profit forecast to decline about 1.9% to roughly CZK 4.6 billion when it publishes results on Friday. The modest drop reflects quarter‑on‑quarter pressure on earnings, though the figure remains in the multi‑billion koruna range. Following the earnings release, investor attention is likely to shift to the bank’s dividend policy and any guidance management provides on payout levels and capital allocation. Dividend decisions will be watched closely given their importance for yield‑seeking shareholders. Komerční banka remains one of the Czech Republic’s major lenders, and its results and dividend stance will be a focal point for domestic market participants as the year begins. #KomerčníBanka #dividends #CzechBanking #FiatNews

Tech sector jitters intensified on Feb. 4, 2026, after Anthropic’s developments raised investor nervousness ahead of further important results. U.S. equity trading ended sharply in the red, though markets staged a partial rebound from session lows late in the day. #Anthropic #WallStreet #Tech Traders appeared cautious across technology names, with volatility rising as market participants awaited upcoming announcements and data. Despite the late-session recovery, the overall tone remained risk-off. Market participants cited heightened sensitivity to near-term results as the main driver of the nervous sentiment, leaving attention focused on forthcoming corporate updates and economic signals. #FiatNews

Eurozone inflation slowed to 1.7% year-on-year in January, down 0.3 percentage point from December’s 2.0%, Eurostat said in a quick estimate on Feb. 4, 2026. The figure reflects the annual growth rate of consumer prices across the 19-member euro area. The drop marks a modest deceleration in headline consumer inflation compared with the previous month. Eurostat’s quick estimate provides an early indicator of price developments; more detailed component and country-level figures are typically published in subsequent releases. This reading is the latest monthly inflation snapshot for the euro area and will feed into ongoing monitoring of price trends. #Eurozone #inflation #Eurostat #FiatNews