Global Market: German bond yields rise as investors weigh inflation risks and ECB rate path - The Economic Times

• Global markets remained in a "wait-and-see" mode today as investors anticipate a speech by Fed Chair Kevin Warsh at the Jackson Hole symposium tomorrow. • Recent economic indicators included a wider-than-expected US trade deficit for July, weekly jobless claims holding steady at 203k, and a slight increase in German consumer confidence.

• Major U.S. stock indices rose today, with the Nasdaq 100 leading gains at +1.03%, followed by the S&P 500 at +0.59% and the Dow Jones Industrial Average at +0.33%. • The market rally was primarily driven by strong earnings reports from the technology sector, providing broad support across equity benchmarks.

• Federal Reserve official Warsh is scheduled to speak today at the Jackson Hole symposium, though analysts expect a measured tone rather than significant policy surprises. • In currency markets, the GBP/USD pair rose to approximately 1.3600 during Asian trading hours following two consecutive days of losses.

• Bank of Thailand Governor Vitai Ratanakorn announced that current restrictions on gold trading are effective and may be tightened further to stabilize the baht. • The current online gold trading limit is set at THB 50 million per person per day, but officials are considering reducing this cap to THB 30 million or less.

• Brokers project a neutral outlook for the Thai stock market on August 28, 2026, as investors await critical signals from tonight's Jackson Hole symposium. • Yuanta has adopted a conservative profit forecast for Delta Thailand, citing supply constraints that are currently limiting the company's production capacity.

• India and China are exploring the creation of new frameworks to facilitate business exchanges and increase mutual investments. • Beijing may unveil a dedicated investment package during President Xi Jinping's upcoming visit, which could include a special economic zone featuring improved sea route access.

• Stock markets surged yesterday, led by a significant jump in AI bellwether Nvidia, which rose more than 8%. • The Nasdaq outperformed other indices with a gain of nearly 1.6%, while the S&P 500 rose 0.7% and the DJI increased 0.2%.

• Global markets are bracing for volatility as traders return from holiday breaks, focusing on geopolitical tensions and their impact on energy prices. • Investors are closely monitoring upcoming policy decisions from the U.S. Federal Reserve and the Bank of Japan (BOJ) to gauge interest rate trajectories.

• The Australian dollar reached its highest level since May as traders increased bets on potential interest rate hikes by the Reserve Bank of Australia (RBA). • In a separate industry shift, MUFG Pension & Market Services has entered into a binding scheme implementation deed to acquire the administration platform Grow.

• Federal Reserve official Kevin Warsh is preparing to speak at the influential Jackson Hole conference amid rising concerns over inflation. • The event is critical for financial markets as Fed governors typically use the platform to signal future shifts in monetary policy.

• Technology stocks rose on Thursday, Aug 27, following blockbuster earnings from Nvidia that alleviated investor concerns regarding the sustainability of the AI investment boom. • While Asian chip firms saw gains, the positive momentum was tempered by new US economic data indicating stubbornly high inflation.