Daily Market Brief

• Major indices rose on Nvidia's surge: Nasdaq +1.6% to 26,541, S&P 500 +0.7% to 7,730, Dow +0.2% to 53,569.
• Concentrated gains: Nearly all S&P...

• MSCI EM index on track for ninth straight weekly gain, its longest run in two years
• Investors await Kevin Warsh's Jackson Hole remarks for Fed...

Asian markets declined sharply as tech stocks drove a broad global risk-off move.

VIX 1-day closed below 9 as stocks finished higher in a tight range, with semiconductor implied volatility at its lowest since January. Nvidia earnings tomorrow and the Jackson Hole symposium Friday could trigger a sharp volatility expansion.

US Treasuries and emerging-market currencies are diverging most in four years, with higher yields failing to strengthen the dollar as before. This...

Friday brought a rebound as the Dow rose 1% to 53,277, S&P 500 gained 0.4%, and Nasdaq added 0.4%, recovering from bond-yield pressure and Middle East...

• US national debt reached a record $40 trillion, with deficits stuck at unsustainable levels driven by pensions, healthcare, and interest costs now...

Rebound anticipated for Japan stock market.

Treasury Secretary Bessent announced at least doubling longer-dated bond purchases on Aug. 20, sending 30-year yields tumbling from 5.27%...

Nigeria's stock market surge is under fire as analysts question whether All-Share Index gains reflect real growth or simply mask Naira depreciation...

S&P 500 and Nasdaq pulled back 1.5% and 2.5% this week as Nvidia earnings approach with asymmetric downside risk below $210.

• Overconcentration in...

US 30-year Treasury yields topped 5.3%, a 19-year high, sparking Wall Street's steepest selloff this month as debt concerns mounted.

• Volatility...

• Global equities resumed their advance in August, with UBS expecting the rally to widen beyond tech leaders.
• Bank raised earnings growth forecasts...

Arm Holdings topped Q2 forecasts with $1.29 billion revenue and strong AI-driven licensing growth, yet shares fell nearly 7% after-hours as smartphone...

The Philadelphia Fed manufacturing survey pointed to broad gains in employment, with the number of employees and average workweek components hitting cycle highs in August.

China's July retail sales rose just 0.6% and industrial output 4.5%, both missing forecasts and extending the slowdown.

• Vice Finance Minister Liao...

• Treasury doubles bond buybacks to $4B starting Sept 9, easing 10-year yield 6.7 bp to 4.639% and ending three-day losing streak
• Major indices rose...

Wall Street faces growing uncertainty over the Fed's next move as Brent crude hits $100 a barrel and geopolitical tensions rise, prompting BofA and...

Baidu fell 12% after Q2 results missed expectations, adding pressure on China's tech sector and AI-exposed firms.

• China Unicom dropped nearly 8% on...

US stocks opened flat in futures trading before rallying as Treasury bond purchases eased yield pressure and strong earnings rolled in.

• S&P 500...