Markets Today

Latest edition · August 28, 2026

BNZ Markets Today 28 August 2026

Nvidia's strong revenue guidance spurred a tech-led equity rally, while sovereign bond yields held steady ahead of Fed Chair Warsh's Jackson Hole speech. NAB revised its call to predict a 25bp RBA rate hike in September, pressuring NZD/AUD lower.

Tech equities advanced behind Nvidia's upbeat revenue outlook, lifting the Nasdaq over 1%, while broader market movement was restrained ahead of the Jackson Hole Economic Symposium. Hawkish commentary from Fed officials Schmid and Hammack emphasized ongoing inflation concerns, even as US 10-year Treasury yields remained steady near 4.66%. In regional policy, NAB shifted its forecast to expect a 25bp RBA cash rate hike to 4.6% in September due to persistent inflation, pushing NZD/AUD towards 0.8270, while Bank of Japan Deputy Governor Himino reinforced expectations of continued policy normalization.

Key takeaways from the latest edition

• 1.Nvidia's strong earnings and FY2028 70% revenue growth outlook propelled tech shares, boosting the Nasdaq over 1.0% and supporting the S&P 500.
• 2.NAB shifted its RBA rate call to expect a 25bp hike in September to 4.6% following hotter-than-expected July inflation, putting downward pressure on NZD/AUD.
• 3.Federal Reserve officials Jeff Schmid and Beth Hammack indicated rates are not restrictive enough, keeping focus on Chair Kevin Warsh's upcoming Jackson Hole keynote.

What this series covers

• Events round-up
• Good morning
• Coming up
• NZD exchange rates
• NZD/USD Forward Points
• NZD/AUD Forward Points
• Contact Details
• Main Offices

Edition archive

• BNZ Markets Today 28 August 2026

  August 28, 2026

• BNZ Markets Today 17 August 2026

  August 17, 2026

• BNZ-Markets-Today-29-June-2026

  June 29, 2026

• BNZ-Markets-Today-18-June-2026

  June 18, 2026

• BNZ-Markets-Today-09-June-2026

  June 9, 2026

• BNZ-Markets-Today-08-June-2026

  June 8, 2026