Goldman, Citi join global banks in $270 million stablecoin venture - Bloomberg

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  Persistent inflation, higher borrowing costs, and rising expenses for essentials like groceries and gas continue to strain household budgets. Federal Reserve Bank of New York researchers warn that lower-income consumers whose wage growth has lagged inflation face the greatest financial distress. This growing reliance on high-cost revolving credit comes as average interest rates on new cards hover near 24%.

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• U.K. stocks lower at close of trade; Investing.com United Kingdom 100 down 0.35%

  Equities across the British market faced persistent selling pressure that left major domestic shares struggling by the final bell. The downturn directly impacted key market gauges as broader institutional trading concluded in negative territory. Consequently, overall investor sentiment softened, underscoring broader caution within the United Kingdom's financial landscape during the session.

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• Spain stocks higher at close of trade; IBEX 35 up 1.10%

  Investors drove Spanish equities into positive territory through the final bell as broad market participation supported regional indices. The upward movement marked a notable gain for domestic securities during the session, reflecting constructive sentiment across local trading desks. This performance underscores sustained momentum for the market as the trading day concluded.

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