Report published August 24, 2026
Central Banks, AI Earnings and Oil in Focus – Eastspring Investments
Source and citation context
- Issuer
- Eastspring Investments
- Report date
- August 24, 2026
- Analysis as of
- August 21, 2026
Authors / editors: Vis Nayar (Chief Investment Officer), Ray Farris (Chief Economist), Viola Wang (Economist)
Finvaulta summarizes Eastspring Investments'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.
Central bank tightening, Nvidia's earnings report, and Middle East energy supply risks dominate the market outlook this week. Eastspring anticipates 25bps rate hikes from the BoK and BSP and notes potential upside risks to energy prices into Q4 as supply buffers expire.
Key Takeaways
- 1.Central banks in Asia (Bank of Korea, BSP) are expected to hike rates by 25bps this week, while the Fed's Jackson Hole appearance will be critical for signaling tightening intent to contain US inflation.
- 2.The USD's failure to rally despite hawkish rate repricing suggests Q1 2025 may have marked the peak of the dollar cycle, opening the door for an Asian currency recovery over the next year.
- 3.Nvidia earnings will serve as a key test for the AI capex spending outlook and hardware earnings across Asia.
Table of Contents
- Central banks, AI earnings and oil in focus
- Central banks are likely to tighten policy
- AI capex on show
- Energy supply and prices remain key risks
- Market Review
- Asset Performance
- Market Data
- Disclaimer
- Sources
Report data
Market Data — as of August 21, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Bank of Korea Policy Rate Hike Expectation | 25 bps | Expected hike responding to inflation and household debt. |
| Bangko Sentral ng Pilipinas Policy Rate Hike Expectation | 25 bps | Expected hike motivated by higher inflation and currency weakness. |
| MSCI AC World Index 1-Week Change | -0.91% | Weekly global equity market performance. |
| Gold 1-Week Performance | 4.6% | Gold weekly performance. |
| US 10-Year Treasury Yield | 4.74% | Benchmark 10-year US Treasury yield. |
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CIO Views – Weekly Bulletin is shown in chronological order through this edition, published on August 24, 2026.
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Authors / Editors
Reported Data Context
- Bank of Korea Policy Rate Hike Expectation: 25 bps (Week 34 2026)
- Bangko Sentral ng Pilipinas Policy Rate Hike Expectation: 25 bps (Week 34 2026)
- MSCI AC World Index 1-Week Change: -0.91 % (Week ended 21 August 2026) · Source: Refinitiv
- Gold 1-Week Performance: 4.6 % (Week ended 21 August 2026) · Source: Refinitiv
- US 10-Year Treasury Yield: 4.74 % (As of 21 August 2026) · Source: Refinitiv