# What you need to know this week. RBA Minutes, US GDP and NVDIA Earnings
The week of **August 25th to 29th, 2025** brings together critical economic releases and heavyweight corporate earnings. With central bank minutes, GDP updates, and tech bellwethers reporting, investors should brace for a volatile few days that could reset expectations heading into September. Importantly, all times in this article refer to **New York local time (GMT-4)**.
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## Economic Calendar: RBA, US GDP, and European Data
The week begins on **Monday, August 25 at 21:30**, with the release of the **Reserve Bank of Australia (RBA) Meeting Minutes**. Although no new policy decisions are expected, the minutes will give valuable insight into how the board views sticky inflation versus slowing domestic demand. Traders in the Australian dollar will scan the document for any signs of further tightening risk.
On **Tuesday, August 26 at 14:45**, **Bank of Canada Governor Tiff Macklem** is scheduled to speak. His remarks will be parsed for policy hints at a time when Canada is balancing weak growth with above-target inflation.
The real spotlight comes on **Thursday, August 28**, when multiple GDP figures are due. At **03:00**, **Switzerland reports Q2 GDP** with consensus at **0.1% growth (QoQ)** compared to the previous **0.5%**. Just a few hours later, at **08:30**, the **U.S. releases its Q2 Annualized GDP (Preliminary)**. Consensus stands at **3.0%**, unchanged from the prior reading. A stronger print would reinforce the Federal Reserve’s “soft landing” narrative, while a miss could reawaken concerns over growth momentum.
Asia also delivers important inflation indicators. On **Thursday, August 28 at 19:30**, Tokyo releases its **August Consumer Price Index**. Headline CPI previously stood at **2.9% YoY**, while the core measure excluding food and energy was **3.1%**. Investors will gauge whether disinflation is finally taking hold in Japan, which has recently begun moving away from ultra-loose monetary policy.
The week wraps up on **Friday, August 29 at 02:00**, when the **Eurozone publishes July Retail Sales**. The previous annual reading was a robust **4.9%**, but with consensus not provided, the focus will be on whether European consumers can sustain momentum in the face of higher rates and sluggish wage growth.
Together, these releases ensure that currencies, bonds, and equity indices will react sharply depending on whether the data confirm or challenge prevailing policy expectations.
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## Corporate Earnings: Spotlight on NVIDIA
On the corporate front, the earnings calendar is packed, with **technology and financials** taking center stage.
– **Pinduoduo (PDD)** – *Aug 25, before market*: One of China’s fastest-growing e-commerce platforms, providing insight into consumer demand in a fragile domestic economy.
– **Royal Bank of Canada (RY)** – *Aug 27, before market*: A bellwether for North American banking and credit conditions.
– **NVIDIA (NVDA)** – *Aug 27, after market close*: The centerpiece of the week, expected to deliver another blockbuster report.
– **Toronto-Dominion Bank (TD)** – *Aug 28, before market*: Key Canadian financial player with implications for loan growth and consumer credit trends.
– **Alibaba (BABA)** – *Aug 29, before market*: China’s e-commerce giant, offering signals on retail demand and regulatory challenges.
Still, the conversation begins and ends with **NVIDIA**. The chipmaker, valued at **$4.34 trillion**, has been the single most important stock in global markets this year. Analysts expect another strong quarter powered by demand for AI data centers, but valuations leave little margin for disappointment. Consensus points to robust double-digit revenue growth, with investors keen to hear guidance on capacity expansion and competition.
Given NVIDIA’s enormous market weight, its results will ripple well beyond the tech sector, influencing the Nasdaq and broader S&P 500 direction into September. A strong beat could extend the AI rally, while a softer outlook risks sparking a pullback in high-growth names.
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## Outlook
This week represents the perfect storm of **macro and micro catalysts**. On one side, economic releases will test whether global growth remains resilient in the face of restrictive monetary policy. On the other, corporate earnings — particularly from NVIDIA — will determine whether equity markets can sustain their extraordinary year-to-date momentum.
For investors, the message is clear: buckle up. The week of August 25–29 will not be quiet, and its outcomes may well set the stage for how markets enter the final stretch of 2025.
