Financial Markets in Holding Pattern Ahead of U.S. Jobs Figures
Financial markets are showing slightly less engagement with the latest skirmishes on the tariff front and are awaiting key data on the U.S. labor market and inflation in the Eurozone. The corporate bond market remains well-positioned, while there is more uncertainty surrounding equity performance.
Our intermarket dashboards indicate a situation that remains largely stagnant, with key risk indicators staying around average levels. Meanwhile, the upward trend in bonds continues, and an encouraging signal is emerging on the S&P 500, where the crossover between the 50- and 200-day moving averages appears to be nearing completion.
On the macroeconomic front, today’s agenda includes Eurozone inflation data for May, China’s manufacturing PMI, and U.S. factory orders and job openings for April.
Our forecasting analyses continue to show significant uncertainty in equity markets. There are few clearly positive signals, although volatility appears to have eased compared to previous weeks. Positive momentum persists for corporate bonds, while yields on U.S. Treasuries continue to rise on longer maturities.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 3 June 2025 - 7:25 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.
