Equity markets remain fragile
Equity markets remain fragile and hypersensitive to even the slightest news on the tariff front. Yesterday was emblematic in its own way, with a wave of optimism fading within a few hours. Attention is also focused on U.S. tax reform and incoming macroeconomic data (particularly the PCE price index). The situation remains uncertain for equities, while the corporate bond market continues to show strength.
Our intermarket dashboards remain in a holding pattern, with no significant changes compared to previous analyses.
The macroeconomic calendar offers some interesting data regarding consumer price trends. Inflation figures for May from Germany and PCE price data from the United States will be released. Also worth monitoring are GDP data from Canada, industrial production in India, and the University of Michigan consumer sentiment index.
Our forecasting analyses continue to indicate a climate of uncertainty for equity markets, more pronounced in Europe than in the United States. The outlook remains positive for corporate bonds, while on the currency front, the dollar is in a wait-and-see phase, with positive signals for the Swiss franc (a sign of caution). Volatility is expected to remain broadly stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 30 May 2025 - 7:24 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.
