Stock Market Update
27-Aug-26 08:59 ET
Global markets mostly lower
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +12.00. Nasdaq futures vs fair value: +232.00.
The S&P 500 futures currently trade 12 points above fair value.
Equity indices in the Asia-Pacific region had a mixed showing on Thursday with South Korea's Kospi (+1.5%) showing strength after the evening release of strong results from NVIDIA (NVDA). Bank of Japan Deputy Governor Himino called for timely rate hikes but did not explicitly state that he will vote in favor of an increase in September. The Bank of Korea raised its policy rate by 25 basis points to 3.00%, as expected. A handful of policymakers expect two more hikes, but the pace of increases is likely to slow.
- In economic data:
- China's July Industrial Profit 17.6% YTD (last 18.7%)
- Australia's Q2 Building Capital Expenditure 2.1% qtr/qtr (last -3.3%), Q2 Private New Capital Expenditure -3.6% qtr/qtr (expected 0.8%; last 6.9%), and Q2 Plant/Machinery Capital Expenditure -8.9% qtr/qtr (last 18.4%)
---Equity Markets---
- Japan's Nikkei: -0.2%
- Hong Kong's Hang Seng: -0.3%
- China's Shanghai Composite: +1.1%
- India's Sensex: -0.7%
- South Korea's Kospi: +1.5%
- Australia's ASX All Ordinaries: -1.0%
Major European indices trade on a mostly lower note with France's CAC (-1.1%) showing relative weakness with Pernod Ricard leading to the downside after issuing weak guidance while financials also lag. On a related note, Fitch is scheduled to release a review of France's sovereign rating tomorrow. Technology stocks in the region display strength after last night's release of banner results from NVIDIA (NVDA).
- In economic data:
- Eurozone's July Private Sector Loans 3.1% yr/yr (expected 2.9%; last 3.0%) and July Loans to Nonfinancials 4.4% yr/yr (last 4.0%)
- Germany's September GfK Consumer Climate -26.6 (expected -29.5; last -29.4)
- France's July PPI 1.1% m/m (last -0.4%); 3.4% yr/yr (last 2.8%). July jobseeker total 3.143 mln (last 3.122 mln)
- Swiss Q2 Employment Level 5.698 mln (last 5.537 mln)
---Equity Markets---
- STOXX Europe 600: -0.4%
- Germany's DAX: +0.1%
- U.K.'s FTSE 100: -0.4%
- France's CAC 40: -1.3%
- Italy's FTSE MIB: -0.6%
- Spain's IBEX 35: -0.7%
