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Shein shares fell 4 percent in their Hong Kong trading debut Tuesday, capping a yearslong effort by the ultrafast-fashion retailer to go public. The stock had dropped as much as 10 percent after opening at its IPO price. Shein raised about 1.7 billion dollar, valuing the company at roughly 26.5 billion dollar, far below its nearly 100 billion dollar valuation in 2022. Investors remain concerned about tariff changes, slowing growth and regulatory pressure, including the EU tax on small packages, which raises costs and challenges the company’s low-price business.
Chip maker Nvidia last night said it expects revenue to grow about 70 percent in fiscal 2028, far above Wall Street’s roughly 45 percent forecast, as artificial intelligence demand continues to outstrip chip supply. The chipmaker also beat fiscal second-quarter expectations. Revenue more than doubled to 96.22 billion dollar from $46.7 billion a year earlier, while adjusted earnings reached 2.22 dollar a share. Analysts surveyed by LSEG had expected 92.17 billion dollar in revenue and earnings of 2.10 a share. In after-hours trading Nvidia shares rose 4.7 percent to 219.53 dollar..  
Revolut plans to issue a euro-pegged stablecoin later this month. Initially, it will only be available to customers in Denmark, Portugal, and Poland, with other European countries set to follow later this year, the online bank announced. Stablecoins are designed to closely track the value of an underlying currency and are primarily intended to make transactions more efficient. Major European banks have been working on euro stablecoins for some time. A group of 37 banks, including ING, KBC, and BNP Paribas, has been collaborating through the Qivalis joint venture to launch a stablecoin, while Société Générale and Crédit Agricole have already rolled out projects of their own. With Revolut’s euro stablecoin now on the way, the fragmentation of efforts to digitize Europe’s financial markets appears set to continue.
Japanese government bond ETFs have attracted a record 1.5 billion dollars in net inflows so far in 2026, nearly three times the total for all of 2025, according to Morningstar. The surge comes as long-term Japanese yields approach 3 percent. Morningstar said European investors are increasing fixed-income allocations while seeking alternatives to US dollar assets. Japanese bonds now offer investors developed-market exposure, higher income and greater currency diversification, said Shannon Kirwin, senior principal at Morningstar.
Chinese humanoid robot maker Unitree soared on its Shanghai debut, closing Wednesday at 845 yuan (107.4 euro), 460 percent above its IPO price of 150.80 yuan. The shares rose as much as 629 percent intraday. The listing valued Unitree at about 342 billion yuan (43.5 billion euro), allowing the company to raise 6.1 billion yuan. Shares fell back on Thursday, trading about 16 percent lower near 709 yuan.  Unitree, founded in 2016, is one of China’s largest producers of humanoid robots and a prominent player in Beijing’s push to develop the robotics industry. Chief executive Wang Xingxing said Thursday the robotics industry was approaching a “ChatGPT moment”, in which robots could perform most tasks in unfamiliar environments using simple voice or text commands.
The US Treasury is stepping up support for long-dated government bonds after a selloff pushed 30-year yields to a 19-year high, just as federal debt crossed 40 trillion dollars. Treasury data show total public debt outstanding reached 40.047 trillion dollars on Aug. 18. Of that, 32.266 trillion dollars was debt held by the public, including investors and the Federal Reserve, while 7.782 trillion dollars was held within the federal government. The Treasury said Wednesday it would at least double the maximum size of buybacks in longer-dated government bonds. The increase is intended to provide “greater liquidity support in longer-dated nominal sectors,” the department said. Bond specialists interpreted the move as an attempt to ease upward pressure on long-term yields.
A sharp reversal in the AI rally could hit euro-area households through their roughly 440 billion euros in exposure to U.S. tech shares, economists at the European Central Bank (ECB) warned on Monday. Much of that exposure is held indirectly through mutual funds and ETFs, meaning households may not fully realize how concentrated their portfolios have become in the Magnificent Seven. With U.S. stock valuations near historical highs, the ECB economists said evidence from previous technological revolutions suggests a correction in current market valuations is likely. The warning marks a tougher tone from the ECB on risks surrounding the AI boom. The economists said a correction could occur even if current valuations prove rational, because the risks associated with a new technology change as adoption spreads across the economy. A selloff could also accelerate if investment funds face redemptions and are forced to sell assets, potentially turning a decline in U.S. technology stocks into a broader financial stability risk for the euro area. The analysis was published on the ECB Blog.
L&G Asset Management has launched an ETF for investing in African government bonds. The L&G LSF African Government Bond UCITS ETF tracks the iBoxx LSF USD African Sovereigns Index and, according to the British fund manager, is the first ETF of its kind in Europe.
Anthropic could seek a valuation of at least two trillion dollars in an October IPO, which would put it above SpaceX’s $1.77 trillion debut and make it the most highly valued company ever at an initial public offering, the Financial Times reported. The paper said its expectations are based on conversations with half a dozen Anthropic investors, not formal guidance from the company. Investors are betting rapid revenue growth can support the valuation despite intensifying competition, regulatory pressure and rising customer sensitivity to the cost of advanced AI models. Anthropic declined to comment to the Financial Times.
Assets under management in ETFs reached a new record of nearly 3.1 trillion euros at the end of June 2026, according to LSEG Lipper’s European ETF Industry Review, published on Friday. The data provider said the growth in assets under management was driven by both the performance of the underlying markets and continued net inflows into ETFs. During the first half of 2026, investors allocated 222 billion euros to ETFs. According to LSEG Lipper, that is almost as much as the total inflows recorded during all of 2024. “It is fair to say that the European ETF industry is on the way to reach a new level of monthly inflows,” Lipper concluded, adding that this signals ETF adoption is accelerating rapidly in the portfolios of European investors. 

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