Market Snapshot, 28 August 2026

Global markets on 28 August 2026 opened firmer, buoyed by Nvidia’s strong earnings and positive global sentiment, though investors remain cautious ahead of Fed Chair Kevin Warsh’s Jackson Hole address. Asian equities tracked tech optimism, European indices were steady, and oil rebounded while gold held near $4,610.

📈 Equities

• United States (27 Aug close):
  • Dow Jones: +0.20%
  • S&P 500: +0.72%
  • Nasdaq: +1.57% (boosted by Nvidia’s 8.7% surge and AI rally)
• Europe: Mixed, with bourses flat to slightly lower; ECB minutes signalled hawkish members still favour further tightening.
• Asia-Pacific:
  • India: Sensex +150 pts to 77,128; Nifty above 24,100, supported by softer crude and global cues.
  • Japan (Nikkei 225): –0.20%
  • Hong Kong (HKG33): –0.34%

🛢 Commodities

• Brent crude: $89.70 (+2.1%)
• WTI crude: $83.53 (+1.6%)
• Gold: $4,610 (steady, range $4,550–$4,700)
• Silver & wheat: continued gradual gains

💱 Currencies

• USD Index (DXY): 99.165 (+0.3%, biggest daily gain in 4 weeks)
• EUR/USD: 1.1650 (slightly weaker)
• GBP/USD: 1.3590
• USD/JPY: ~159.30–159.50
• AUD/USD: 0.7200 (firm after 4‑day rally)
• NZD/USD: 0.5950

🌍 Emerging Markets

• India: Positive open, Sensex +150 pts, Nifty above 24,100.
• Brazil: Selic rate steady at 14%, with investors monitoring inflation and external balances.
• China: Industrial profit growth slowed to +11.2% YoY in July, a 7‑month low.

⚠️ Key Risks & Outlook

• Jackson Hole Symposium: Fed Chair Kevin Warsh’s remarks today are pivotal; a hawkish tone could lift yields and pressure gold/tech stocks.
• Geopolitics: US–Iran tensions over the Strait of Hormuz keep energy markets volatile. Russia threatened UK strikes in response to Ukraine conflict escalation.
• Domestic factors (India): Monsoon deficit (–14%) raises food inflation risks and rural consumption concerns.