The selloff in digital assets deepened, with Ether dropping to a seven-week low, extending losses across major tokens. The move comes as a group of nine European banks, including ING Groep NV and UniCredit SpA, announced plans to launch a euro-denominated stablecoin, aiming to bolster payment efficiency and provide a regional alternative to dollar-backed tokens.In Spain, Prime Minister Pedro Sánchez confirmed he will seek reelection in 2027, underscoring confidence in the country’s economic trajectory as it continues to post the fastest growth among major Western economies.On the corporate front, H&M beat earnings expectations, helped by cost discipline and steady sales growth. Meanwhile, Intel Corp. is in talks with Apple Inc. for a potential investment as part of its ongoing restructuring push.US equities ended slightly lower on Monday and futures point to a flat open. In Europe, most benchmarks are modestly higher, except for France’s CAC 40, which slipped 0.57% as political tensions weighed on sentiment.
Gold hovered near record levels, last trading around $3,742 an ounce.