3 Things That Will Move the Markets Today – 8/28/2025

1. Turbulence in Global Bond Markets

Long-dated bond yields are surging worldwide as Germany, Japan, and the U.S. ramp up debt issuance into early September. In Germany and France, 30-year yields have soared to levels not seen since 2011, while Japan’s long-term borrowing costs hit record highs. The flood of supply is straining investor demand and pressuring governments with high debt service obligations. Political volatility in France and looming rate hike expectations in Japan only add to the pressure. This bond market stress may spill over and disrupt broader asset classes.

2. Nvidia Earnings Dampens Tech Momentum

Nvidia’s Q2 earnings beat expectations, but the outlook for its AI chip segment disappointed investors. While the company reported robust overall sales, constraints in the China data-center market and cautious guidance caused its stock to slip. The mixed result casts doubt on the sustainability of the AI-led rally that has been powering tech markets, prompting reassessments across similar companies.

3. Investors Eye Key U.S. Inflation Data

All eyes are now on Friday’s release of the Core Personal Consumption Expenditures (PCE) index — the Federal Reserve’s preferred inflation gauge. Economists forecast a 0.3% monthly increase, potentially pushing the annual inflation rate toward or above 3%. Persistent inflation may temper rate-cut expectations. However, if inflation shows signs of cooling, markets may regain confidence in easing monetary conditions.

🐝 Quick Take (Buzz Summary):

Bond yields spike as governments ramp up debt issuance, Nvidia’s cautious outlook cools the AI trade, and all eyes turn to Friday’s Core PCE—the next big cue for rate-cut odds.