Economics: Daily Alert

Latest edition · August 28, 2026

Economics Economics Daily Alert 28 08 2026

US equities rose following strong Nvidia earnings guidance, while Australian July household spending significantly exceeded expectations with a 1.1% monthly increase. Oil prices advanced over Middle East supply tensions, and markets await Federal Reserve Chair Warsh's speech at Jackson Hole.

Overnight equity markets were driven higher in the US by strong earnings results and outlook from Nvidia, fueling tech gains, while European stocks weakened due to French political uncertainty. In Australia, domestic household spending jumped 1.1% m/m (7.0% y/y) in July, reflecting broad-based strength in discretionary categories despite elevated interest rates and living costs. Meanwhile, Australian Q2 capex fell 3.6% q/q as ICT equipment spending unwound, though FY27 capex expectations rose to $228.9bn. Commodity markets saw Brent crude climb 2.1% to US$89.70/bbl on continued US-Iran tensions.

Key takeaways from the latest edition

• 1.US equities gained overnight led by tech stocks following strong Nvidia earnings guidance, while European equities hit a one-month low on French political and fiscal uncertainty.
• 2.Australian July household spending rose 1.1% m/m and 7.0% y/y, well above expectations and demonstrating consumer resilience across discretionary categories.
• 3.Australian Q2 capex volumes fell 3.6% q/q due to ICT data centre equipment unwinding, but the forward pipeline remains solid with FY27 capex expectations upgraded to $228.9bn.

What this series covers

• US shares boosted by Nvidia earnings outlook
• Key Events to Watch
• Australia and NZ
• International
• NOT INVESTMENT RESEARCH
• Global Economic & Markets Research

Edition archive

• Economics Economics Daily Alert 28 08 2026

  August 28, 2026

• Economics Economics Daily Alert 27 08 2026

  August 27, 2026

• Economics Economics Daily Alert 17 08 2026

  August 17, 2026