Financial markets, eyes on U.S. macro data: PCE index and consumer confidence
A weekend with eyes on U.S. macro data. The PCE price index and the University of Michigan consumer sentiment survey will provide further clues on the Fed’s next moves. Financial markets remain cautious, but risk indicators are improving. Equities are expected to edge higher, with volatility staying stable.
As for our intermarket dashboards, we note a slight slowdown in gold and a positive uptick in the S&P 500/VIX ratio—signals that could point to a strengthening of risk-on sentiment in the coming days.
On the macro front, the day brings several noteworthy data releases. First and foremost, the September PCE index figures in the United States. Then: the December Michigan consumer sentiment index, a new reading of third-quarter GDP in the Eurozone, German industrial orders, and Canadian employment trends.
Our forecasting models indicate a broadly positive day for equities, with somewhat more uncertainty on the European side. There are also positive signals for commodities, while in the bond market the phase of weakness in government yields continues. Volatility remains stable.
Already a subscriber? Login here
NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 5 December 2025 - 7:11 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.
