# Global market focus on US economic data and tech earnings

> Live situation record from CLSTR: https://clstr.news/situations/global-market-focus-on-us-economic-data-and-tech-earnings
> Updated: 2026-08-24T20:06:06.000Z. Sources: 97. Developments: 2.

Global financial markets are reacting to a combination of major corporate earnings and macroeconomic indicators. Initial focus centered on upcoming quarterly results from technology companies such as Nvidia, Salesforce, and HP Inc., alongside US GDP data and personal income reports.

As the situation progressed, market attention shifted toward the implications of US inflation data, specifically a revised core increase in the Personal Consumption Expenditures (PCE) index from 3.4% to 3.6% year-over-year. This data, combined with Nvidia’s anticipated earnings—viewed as a barometer for AI investment demand—has placed significant emphasis on the Federal Reserve’s future interest rate decisions. Investors are looking toward the Jackson Hole symposium for guidance from Fed Chair Kevin Warsh. Additionally, a decline in Brent crude oil prices, linked to reduced geopolitical tensions in the Middle East, has influenced global market volatility and inflation expectations.

## Claims

- The Ibex 35 index rose 0.27% at the opening to reach 20,109 points. (disputed by 12 sources)
- Brent crude oil prices fell by 2.2% to 86.6 dollars per barrel. (disputed by 12 sources)
- Nvidia reported a net profit of 59,688 million dollars in its second fiscal quarter, a 126% increase year-over-year. (disputed by 7 sources)
- Nvidia's revenues reached 96,221 million dollars, a 106% increase year-over-year. (disputed by 6 sources)
- The Ibex 35 index opened nearly flat with a 0.03% increase to 20,073 points. (disputed by 5 sources)
- Brent crude oil prices fell by 3.9 percent to 88.6 dollars per barrel. (disputed by 4 sources)
- The core PCE index increased from 3.4% to a revised 3.6% year-over-year. (disputed by 3 sources)
- The US economy maintained a growth rate of 0.4% in the second quarter. (disputed by 2 sources)
- The US GDP growth rate for the second quarter of 2026 was 0.4%. (disputed by 2 sources)
- The July PCE price index rose 3.7% year-over-year and 0.2% month-over-month. (disputed)
- Global markets are awaiting the release of Nvidia's quarterly results. (corroborated by 21 sources)
- Global financial markets are awaiting the release of the US Personal Consumption Expenditures (PCE) price index. (corroborated by 12 sources)

## Timeline

### 2026-08-24: Nvidia earnings and US inflation data drive global market focus

Global markets are reacting to US GDP and PCE inflation data, while awaiting Nvidia's quarterly earnings and Fed Chair Kevin Warsh's upcoming speech at the Jackson Hole symposium.

97 sources. https://clstr.news/cluster/european-markets-recover-on-german-gdp-growth-and-easing-energy-fears

### 2026-08-24: Nvidia, Salesforce, and US GDP data to drive market activity

Major market drivers on August 26, 2026, include US GDP data and quarterly earnings from Nvidia, HP, and Salesforce, alongside Volkswagen's cost-cutting discussions and SAP's continued rally.

6 sources. https://clstr.news/cluster/salesforce-approaches-earnings-report-amid-analyst-buy-ratings

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Cite as: Global market focus on US economic data and tech earnings. CLSTR, https://clstr.news/situations/global-market-focus-on-us-economic-data-and-tech-earnings