Awaiting US inflation data. Financial markets are in a confident mood
Renewed optimism in the markets was fuelled by positive news on the US-China trade talks, but investors are now considering new developments in the pharmaceutical sector and awaiting April’s US inflation data. It’s still a positive day for equities, but with less energy than yesterday. A moment of pause for bonds
Our intermarket dashboards confirm yesterday’s indications, with the S&P 500 providing the impetus for an upward crossover between the 50-day and 200-day averages. This is a bullish signal which, if confirmed, could lead to new recoveries. At the same time, bonds fell below the 50-day average support level; the bullish trend from the start of the year remained but weakened. It is also worth noting that the S&P 500/VIX ratio has accelerated upwards and returned to levels seen at the end of March.
In terms of macroeconomics, attention is focused on the US inflation data for April, the first month in which the new tariffs were in place. Of interest too is the May ZEW survey in Germany and the eurozone. Then, employment data for the first quarter of 2025 will be released from Great Britain.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 13 May 2025 - 7:30 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
