Report published August 28, 2026
Deutsche Bank Early Morning Reid: Macro Strategy (August 28, 2026)
Source and citation context
- Issuer
- Deutsche Bank
- Report date
- August 28, 2026
- Analysis as of
- Not stated in source
Authors / editors: Jim Reid
Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Global markets showed sharp divergence as Nvidia's 8.74% rally lifted US tech, while broader equities and European markets fell on rising energy costs. Bond yields climbed globally ahead of Fed Chair Warsh's keynote speech at the Jackson Hole symposium.
Key Takeaways
- 1.Markets delivered a split performance as Nvidia's post-earnings rally (+8.74%) drove US tech and the S&P 500 (+0.72%) higher, while broader breadth was negative with over two-thirds of S&P 500 constituents falling.
- 2.European markets tumbled, with the STOXX 600 (-0.69%) and French CAC 40 (-1.68%) underperforming due to rising energy prices and steep declines across French banks ahead of a presidential debate on public debt.
- 3.Global bond yields pushed higher across the US, Europe, and Asia, driven by rising oil prices (Brent crude +2.12% to $89.70/bbl) amid stalled negotiations over the Strait of Hormuz.
Table of Contents
- Key Market Data
- Other Market Data
- Key Economic Data
- Topical Deutsche Bank publications
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| S&P 500 Close | 7731.0 index_points | US equity index close driven by tech rally post Nvidia earnings |
| Nvidia Share Price Daily Change | 8.74% | Post-earnings performance, best daily gain post-earnings since May 2024 |
| Brent Crude Oil Price | 89.7 USD/bbl | Rebounded following 3 consecutive declines on Strait of Hormuz tensions |
| US 10-Year Treasury Yield | 4.68% | US benchmark government bond yield creeping higher |
| Japan 2-Year Yield | 1.7% | Rose to highest level since 1995 following weak auction demand |
Reports in this series
Early Morning Reid is shown in chronological order through this edition, published on August 28, 2026.
Part of the Early Morning Reid series — view all 38 editions
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Authors / Editors
Reported Data Context
- S&P 500 Close: 7731.0 index_points (Previous day close)
- Nvidia Share Price Daily Change: 8.74 % (Previous day)
- Brent Crude Oil Price: 89.7 USD/bbl (Previous day close)
- US 10-Year Treasury Yield: 4.68 % (Current/Previous day)
- Japan 2-Year Yield: 1.7 % (Overnight/Morning)