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August 27, 2026 - 07:58

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(Bloomberg) — US equity-index futures advanced as Nvidia Corp.’s bullish sales outlook reinforced optimism that this year’s artificial intelligence rally has further to run. Treasuries edged lower as traders slightly increased bets on interest-rate hikes.Futures for the Nasdaq 100 Index climbed 0.5% after Nvidia signaled strong sales growth through 2028. The company’s shares rallied 4.7% in extended trading, helping lift other AI stocks including Marvell Technology Inc. and Sandisk Corp. European stock futures also ticked higher.MSCI’s gauge of Asia Pacific shares added 0.2%, having gained as much as 0.6% earlier. Semiconductor makers SK Hynix Inc. and Samsung Electronics Co. were the biggest contributors to the Kospi Index, which also pared an earlier advance to rise 1.1%.Caution lingered in bond markets as traders added to bets on Federal Reserve rate hikes this year after a key US inflation gauge remained above the central bank’s target. Treasuries slipped across the curve, with yields on rate-sensitive two-year notes climbing one basis point to 4.22%, as money markets fully priced in a rate increase by December.Nvidia’s outlook offered fresh evidence that spending on AI infrastructure remains robust, easing concerns over the durability of the investment boom. Still, investors are closely watching whether inflation stays elevated and will force the Fed to raise rates to keep price pressures in check, a risk that could temper enthusiasm for technology stocks.The “results provide further support for my bullish outlook on the AI investment theme and the broader technology sector,” said Ivan Feinseth, chief investment officer and director of research at Tigress Financial. “The AI infrastructure cycle remains in an early-to-middle stage rather than nearing a peak.”Nvidia expects to grow revenue by approximately 70% in fiscal 2028, chief financial officer Colette Kress said during a post-earnings conference call. Analysts have projected an increase of about 45% for that year, according to data compiled by Bloomberg.Still, investors such as Naoki Fujiwara, a senior fund manager at Shinkin Asset Management, said rising memory prices could put some pressure on margins.What Bloomberg Strategists Say…“European fixed-income traders will see that JGB and Aussie bond futures are slightly lower on the day, but the messaging from the Asian session is far more negative. The most concentrated bonds activity on Thursday was early in the day when Treasury, JGB and Aussie contracts were selling off in unison, while Asian stocks were climbing.”— Mark Cranfield, Markets Live Strategist. Click here for full analysis.Elsewhere, wheat futures climbed to a three-year high as persistent attacks on vessels and infrastructure in the Black Sea region curbed shipments from one of the world’s biggest breadbaskets, reigniting food inflation worries.Gold rose 0.3% to about $4,600 an ounce, while Brent traded around $87.25 a barrel. The South Korean won strengthened after the country’s central bank delivered back-to-back rate hikes to curb inflation risks.Bonds fell in Australia, New Zealand and Japan as expectations grew that their central banks will tighten policy to contain inflation. Overnight-indexed swaps suggested the Reserve Bank of Australia will hike its official cash rate this year, while indicating tightening may come as early as next week in New Zealand.Yields on Australia’s three-year notes climbed seven basis points to 4.67%. Those on New Zealand’s two-year debt advanced six basis points to 3.60%. Japan’s two-year yield edged one basis point higher to 1.695%.Investors also got a fresh read on US inflation Wednesday. The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% from the prior month and 3.3% from a year earlier. Inflation-adjusted consumer spending was flat after gains in May and June.Attention now turns to the Jackson Hole Economic Symposium. Kevin Warsh will deliver his first major speech as Fed chair, giving investors fresh clues on the policy outlook after facing criticism over a lack of clarity on his views about the economy.“What matters here isn’t a simple hawkish or dovish call, but how he navigates the balance between inflation, employment, long-end yields, and Fed credibility,” Dilin Wu, a strategist at Pepperstone Group Ltd., wrote in a note. “Should the market grow concerned about a policy misstep, it could continue to weigh on US equities.”Corporate Highlights:CrowdStrike Holdings Inc. forecast revenue figures for the full year that exceeded analysts’ estimates.. Salesforce Inc. gave an outlook for strong revenue expansion and deepened its partnership with Anthropic PBC. Anthropic PBC has agreed to spend $45 billion to rent AI cloud computing power from Nscale’s flagship data center development in West Virginia. Pernod Ricard SA expects to hit only the lower end of its medium-term forecast for sales growth as the French drinks company contends with a prolonged slump in demand. Some of the main moves in markets:StocksS&P 500 futures rose 0.3% as of 6:50 a.m. London time Nasdaq 100 futures rose 0.6% The MSCI Asia Pacific Index rose 0.2% The MSCI Emerging Markets Index rose 0.4% Japan’s Topix was little changed Australia’s S&P/ASX 200 fell 1.1% Hong Kong’s Hang Seng fell 0.3% The Shanghai Composite rose 0.8% Euro Stoxx 50 futures rose 0.4% CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1656 The Japanese yen was little changed at 159.34 per dollar The offshore yuan was little changed at 6.7199 per dollar The British pound was little changed at $1.3589 CryptocurrenciesBitcoin rose 0.5% to $78,815.01 Ether rose 0.9% to $2,493.32 BondsThe yield on 10-year Treasuries was little changed at 4.65% Japan’s 10-year yield was little changed at 2.890% Australia’s 10-year yield advanced seven basis points to 5.10% CommoditiesSpot gold rose 0.3% to $4,607.11 an ounce West Texas Intermediate crude fell 0.8% to $81.60 a barrel Spot gold rose 0.3% to $4,607.08 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Winnie Hsu, Aya Wagatsuma and Masaki Kondo.©2026 Bloomberg L.P.