This content was published on
August 25, 2026 - 12:03
4 minutes
(Bloomberg) — Global stocks rose as chipmakers rebounded, with falling bond yields adding support after Brent crude slid below $90 a barrel.S&P 500 futures climbed 0.5%, while those for the Nasdaq 100 advanced 0.9%. Nvidia Corp. was poised to break its longest losing streak since 2022. Gold snapped a four-day run of gains, while the dollar held steady. The yield on 10-year Treasuries declined three basis points.Brent fell by the most in nearly two weeks. The New York Times reported the US is preparing to send diplomats back to embassies in the Middle East, suggesting Washington doesn’t anticipate a renewal of a full-scale conflict with Iran.Chip stocks are finding their footing a day before the latest earnings report from Nvidia, which has for years been a bellwether for the artificial intelligence trade. More recently, it has also become involved in orchestrating funding for projects across the technology’s ecosystem.“Nvidia needs to give investors a reason to raise forward numbers,” said Amanda Lyons at Energy Group Capital. “The fundamental debate has shifted from whether AI demand exists to whether the extraordinary infrastructure buildout can continue generating sufficient economic returns.”Traders are also looking out for the US Treasury’s next moves, with long-dated yields still trading near multi-decade highs. A slate of economic data and a key speech by Federal Reserve Chair Kevin Warsh at the end of the week will further shape the direction of bonds and expectations for interest rates.Bitcoin briefly surged past $80,000 before paring its advance. The cryptocurrency is benefiting from a return of optimism to the sector after Treasury Secretary Scott Bessent’s intervention in the bond market last week fueled demand for dollar alternatives.Investors are awaiting key events “that could define the direction of markets heading into September,” said Laura Cooper, global investment strategist at Nuveen. “From clarity on the Fed’s reaction function and the potential need for a September hike to whether AI earnings can revive tech enthusiasm, there is plenty for investors to digest.”Corporate Highlights:Volkswagen AG labor representatives warned that the carmaker’s planned cuts could eventually affect as many as 140,000 jobs as management prepares to take its restructuring pitch to workers. Oura Healh Oy, a maker of smart rings that track health, fitness and sleep, and some of its backers are seeking to raise as much as $3 billion in a US IPO, according to people familiar with the matter. Some of the main moves in markets:StocksThe Stoxx Europe 600 rose 0.5% as of 11:01 a.m. London time S&P 500 futures rose 0.5% Nasdaq 100 futures rose 0.9% Futures on the Dow Jones Industrial Average rose 0.5% The MSCI Asia Pacific Index rose 0.5% The MSCI Emerging Markets Index rose 0.5% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1668 The Japanese yen fell 0.1% to 159.27 per dollar The offshore yuan was little changed at 6.7199 per dollar The British pound was little changed at $1.3642 CryptocurrenciesBitcoin rose 0.1% to $79,044.74 Ether fell 0.2% to $2,470.99 BondsThe yield on 10-year Treasuries declined three basis points to 4.67% Germany’s 10-year yield declined three basis points to 3.22% Britain’s 10-year yield declined three basis points to 5.03% CommoditiesBrent crude fell 3.1% to $89.35 a barrel Spot gold fell 0.4% to $4,635.80 an ounce This story was produced with the assistance of Bloomberg Automation.©2026 Bloomberg L.P.
