Market overview
Markets freeze ahead of Warsh at Jackson Hole — rate hike risk caps Nvidia-fuelled equity bounce
The dominant macro force is Fed policy uncertainty: with US CPI at 3.7% and half the FOMC favouring another hike, markets are paralysed ahead of Chair Warsh's Jackson Hole address. Thursday's Nvidia-driven tech rally is losing steam as rising yields — driven by US fiscal deficit fears — weigh on growth assets and keep the dollar bid, creating a clear cross-Atlantic divide between resilient European indices and a stuttering Wall Street.
Sectors
Top movers
What is moving today
Main risk
Fed Chair Warsh delivers a more explicitly hawkish Jackson Hole message than priced — confirming a Q4 2026 rate hike — which would trigger a simultaneous selloff in equities, gold, and crypto while spiking USD/JPY beyond 162 and inverting the current EU/US equity divergence.
Watch today
What to watch today
- —Fed Chair Kevin Warsh keynote speech at Jackson Hole Symposium — approximately 10:00 AM ET / 15:00 BST; the single most market-moving event of the week
- —US University of Michigan Consumer Sentiment (Final, August) — approximately 10:00 AM ET; will be scrutinised alongside PMI data for confirmation of consumer resilience vs. inflation squeeze
- —European session close (17:30 BST) — watch whether CAC +0.99% and DAX +0.55% gains hold or are wiped by a hawkish Warsh reaction rippling across the Atlantic into close
Briefings
All 17 markets
7,738 consolidates at all-time highs — momentum slows but no distribution; a clean hold above 7,600 (50-day MA) keeps th...
29,599 stalls just below the 30,000 round-number ceiling — a clean daily close above flips the bias to fresh ATH extensi...
53,658 consolidates inside a narrow Friday range; break above 54,200 prior session high opens 55,000 round-number target...
26,000 breakout holds for third consecutive week; next technical resistance at 27,000 round number. Sell-off in oil (-1....
10,800 round-number floor holds for now, but FTSE trails European peers sharply — DAX and CAC outperforming by 60-100 bp...
8,405 trades above the 50-day MA at 8,320 and resistance-turned-support at 8,350 — next test is the 2026 swing high at 8...
$4,600 is the line — bulls need a daily close above to confirm extension toward $4,750; failure re-opens $4,480 50-day M...
$82.22 sits in a compression zone between $80.50 support (50-day MA) and $84.00 resistance (200-day MA). A daily close o...
$70.67 clears prior resistance cluster — next technical magnet is $72.50 (2025 swing high). Gold flat at $4,599 while si...
80,000 rejected twice this week; 200-day MA at ~82,500 caps recovery attempts. Holding above 78,000 Fib support is the o...
$2,500 round number holds as pivot — break below flips focus to $2,320 (200-day MA); reclaim of $2,650 (50-day MA) neede...
1.1650 EMA50 support under siege — break below targets 1.1600 round number, then 1.1560 Aug swing low. Double top at 1.1...
1.3600 round number caps the rally; break above opens 1.3750 (2024 swing high). Failure to hold 1.3500 flips trend. Mont...
159.63 sits just below 160.00 — a level that triggered BOJ intervention threats in 2024. Break above 160.50 resistance o...
0.8000 is a major round-number support floor — a daily close below triggers accelerated selling toward the 2023 low at 0...
0.7200 round-number support holds; break above 0.7250 April 2026 swing high opens 0.7350. Oil dip to $82.2 is the near-t...
1.3800 round number is the fulcrum — break below 50-day MA at 1.3760 opens 1.3680 2026 swing low; rejection of 1.3850 20...
This market overview was generated automatically by AI and published on Aug 28, 2026, 2:00 PM. For informational purposes only. Not financial advice.