Sophia Reyes and Jason Miller break down Christine Lagarde’s call to tighten rules on non-EU stablecoins—and why it matters for markets. Plus: DAX movers and a coming index reshuffle (Porsche & Sartorius out; Scout24 & GEA in), Eurozone unemployment ticks down, manufacturing PMI edges into expansion, and what an HICP surprise could mean for rates—and your wallet.

Markets shake off early-week jitters as the DAX, CAC 40, and Euro Stoxx 50 edge higher. Sophia Reyes and Jason Miller unpack the surprise slide in Eurozone ZEW sentiment, a patchwork of inflation prints (France cooling, Spain steady, Germany firmer), and what it means for a firmly data-dependent ECB. Plus: Lagarde’s push to tighten stablecoin rules, lingering French/Dutch fiscal worries, and what to watch ahead of next week’s flash HICP and the Sept 11 ECB call

Inflation ticks above target, the ECB’s strategy faces fresh pressure, and France braces for a pivotal confidence vote. Sophia and Jason unpack the market reaction, political uncertainty, and what the latest data means for businesses and investors across Europe—all in today’s upbeat Eurozone Report.