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Overseas Headlines – August 28, 2026

August 28, 2026

 

United States:  

US Stocks Rise Before Warsh Speech Amid Tech Profit Taking

 

Stocks opened higher Friday morning ahead of a speech by Federal Reserve Chairman Kevin Warsh and as investors in tech companies take profits after Nvidia Corp. fueled a rally in the sector a day earlier.

 

The S&P 500 Index rose 0.2%, with the consumer discretionary and communication services sectors leading the advance. The tech-heavy Nasdaq 100 was unchanged, while the Dow Jones Industrial Average rose 0.1%.

 

https://www.bloomberg.com/news/articles/2026-08-28/equity-futures-drift-before-warsh-speech-amid-tech-profit-taking

 

 

 

 

Europe:

Spanish Inflation Surges Beyond 4% as France’s Also Quickens

 

Spanish inflation surged to more than double the European Central Bank’s 2% target while France’s reading exceeded expectations, strengthening the case for an increase in interest rates next month.

 

Prices in Spain, which continues to boast the fastest economic expansion among the euro zone’s biggest members, jumped 4.5% from a year ago in August.

 

https://www.bloomberg.com/news/articles/2026-08-28/french-inflation-quickens-to-highest-level-since-may-on-energy

 

 

 

 

Asia:

Faster Tokyo Inflation Supports Near-Term BOJ Rate Hike Case

 

Tokyo’s key inflation gauge accelerated for a third month even as the government took steps to reduce energy costs, bolstering the case for another Bank of Japan interest-rate increase as market expectations mount for a move in September.

 

The consumer price index excluding fresh food rose 1.8% in August from a year earlier, picking up a tad after rising 1.7% in July, the Ministry of Internal Affairs and Communications said Friday.

 

https://www.bloomberg.com/news/articles/2026-08-27/tokyo-inflation-ticks-up-backing-boj-s-case-for-rate-hike?srnd=phx-economics-inflation-and-prices

 

 

 

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