Wrap Europe

Nexstar's $3.54B Tegna buy approved, expanding reach to 80% of US TV households despite legal challenges.

Tesla's 11.6% YTD drop is a buy signal; strong EV share, 4% net margin, low debt.

PBOC sets USD/ CNY mid-point today at 6.8898 (vs. estimate at 6.8773). Strongest CNY rate setting since 25 April 2023.

AI tokens surge! Xunce Tech leads gains as API calls explode. Nvidia's Huang eyes token talent.

US debt hits $39T, up $2T in 7.5 months. Traders eye rising yields & inflation risks.

A sustained oil surge toward $150–$180 would sharply tighten financial conditions, lift inflation and increase recession risks, with markets highly sensitive to developments around the Strait of Hormuz and energy infrastructure.

Bitcoin's floor is sturdy despite 80% drops; large holders & buy orders prevent $0 price.