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ASX 200 set to open 4 points lower as Nvidia's 106% revenue jump lifts Nasdaq futures 1.01%

Nvidia guided to US$108.0 billion after the bell and Nasdaq futures rose 1.01%. Wesfarmers, Qantas, South32, Mineral Resources and Magellan report FY26 results.

Mixed3 min readBy Swingfolio Research

At a glance

ASX 2009,128-0.40%
All Ords9,339-0.39%
S&P 5007,676-0.02%
NASDAQ26,130-0.08%
Dow53,464-0.21%
VIX15.21-1.55%
Gold4,661+0.17%
Brent86.54-0.46%
AUD/USD0.718+0.23%
US 10Y4.664+0.54%
ES_F7,738+0.62%
NQ_F29,587+1.01%
SPI_F9,124-0.04%

ASX 200 set to open 4 points lower as Nvidia's 106% revenue jump lifts Nasdaq futures 1.01%

Sentiment: mixed ASX 200 futures: -0.04%

The S&P/ASX 200 is set to open 4 points lower on 27 August 2026, a SPI call that settled at 06:58 AEST after Wall Street finished flat. NVDA.US reported second-quarter revenue of US$96.2 billion, up 106% from a year ago, and guided to US$108.0 billion for the current quarter, lifting the stock 3.98% after the bell to US$218.01. Nasdaq futures trade 1.01% higher at 29,586.75 at 08:37 AEST, while a firmer annual US PCE reading pushed the 10-year Treasury yield 2.5 basis points to 4.664%.

Overnight drivers

  • NVDA.US posted second-quarter revenue of US$96.2 billion and Data Center revenue of US$89.0 billion, up 117% from a year ago, at a 75.0% gross margin. Third-quarter guidance of US$108.0 billion assumes no China Data Center compute revenue. The stock fell 1.59% to US$209.66 in the regular session, then traded up to US$218.01 after the release.
  • US July PCE rose 0.2% in the month against a 0.1% forecast, with annual rates of 3.7% headline and 3.3% core both above expectations. Pricing moved to roughly a 60% chance the Fed holds next month, from 64% before the release, and the US dollar index added 0.22% to 99.134.
  • Brent fell a third straight session to US$86.54 a barrel, its lowest close since 7 August and 8.3% below its US$94.39 close on 21 August. WTI slipped 0.50% to US$81.82. WDS.AU and STO.AU open against that decline, and QAN.AU reports FY26 numbers today.
  • Gold sat at US$4,661.20 an ounce, up 0.17% and at the top of its three-month range after easing on the PCE release. Iron ore held at US$95.58 a tonne, up 0.19%, ahead of FY26 results from S32.AU and MIN.AU.

Overnight Wall Street

The S&P 500 closed at 7,675.70 on 26 August 2026, down 1.58 points or 0.02%. That is the narrowest daily move since 6 August. Nvidia reported after the bell.

  • S&P 500: 7,675.70 (-0.02%)
  • Nasdaq: 26,130.20 (-0.08%)
  • Dow: 53,463.88 (-0.21%)
  • Russell 2000: 3,005.90 (-0.14%)
  • VIX: 15.21 (-1.55%)

ANET.US gained 5.92%, WDC.US 4.02%, ORCL.US 2.84% and DELL.US 2.73%. Those gains landed in the regular session, before Nvidia reported. LLY.US fell 3.59%, the heaviest drag on the Dow. After the close, CRM.US jumped 12.73% to US$231.80 on its own quarterly numbers, MU.US added 3.75% and MRVL.US 3.61%.

Commodities and FX

Gold traded at US$4,661.20 an ounce on 27 August 2026, up 0.17%, within US$2 of the highest close in three months.

  • Gold: US$4,661.20/oz (+0.17%)
  • Brent: US$86.54 (-0.46%)
  • WTI: US$81.82 (-0.50%)
  • Iron ore 62% Fe: US$95.58/t (+0.19%)
  • Copper: US$6.710/lb (+0.13%)
  • AUD/USD: 0.7180 (+0.23%)
  • US 10-year Treasury: 4.664% (+2.5bp)

Brent has given up US$7.85 a barrel since 21 August. That cuts realised prices for WDS.AU and STO.AU and lowers the fuel line for QAN.AU, which reports today. The AUD at 0.7180 sits 0.23% higher despite the firmer US dollar index, because the local July CPI print on Wednesday lifted Australian 10-year yields 5.1 basis points to 5.067%.

Key themes for ASX open

  • Technology: the sector fell 3.46% on Wednesday, with WTC.AU down 10.07%, SDR.AU 8.53% and XRO.AU 5.67%. Nasdaq futures are 1.01% higher this morning.
  • Energy: WDS.AU and STO.AU open with Brent at US$86.54, down three sessions in a row and 8.3% below its 21 August close.
  • Resources results: S32.AU and MIN.AU report FY26 numbers with iron ore at US$95.58 a tonne and copper at US$6.710 a pound. WOW.AU and BHP.AU joined S32.AU at 52-week highs on Wednesday.
  • Retail and industrials: WES.AU reports FY26 results against consensus net profit of $2,852 million, with its analyst briefing at 12:00 AEST.
  • Rates: Australian 10-year yields at 5.067% sit 40 basis points above US 10-year yields at 4.664%, a gap that followed Wednesday's 1.0% monthly CPI print.

Economic calendar today

  • 11:30 AEST: ABS Private New Capital Expenditure and Expected Expenditure, June quarter
  • 12:00 AEST: WES.AU FY26 analyst briefing
  • Pre-open: FY26 results from WES.AU, QAN.AU, MIN.AU, S32.AU and MFG.AU

What to watch

  • The SPI settled at 9,067.0 at 06:58 AEST, 13.5 points off its session low of 9,053.5 and 109.5 points below its high of 9,176.5, so the 4-point call came out of a 123-point range.
  • QAN.AU consensus sits at net profit of $1,418 million with a 38.9 cent dividend, set against Brent 8.3% below its 21 August close.
  • The ASX 200 closed at its session low of 9,127.8 on Wednesday after trading at 9,216.0 half an hour before the 11:30 AEST CPI release, so today's 11:30 capex print lands at the same point in the session.

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Disclaimer

This briefing provides market observations and general information only. It is not personal financial advice and does not take into account your objectives, situation or needs. Past performance is not a reliable indicator of future performance. Consider seeking independent advice before acting on any information presented here.

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