Financial markets must reckon with another episode in the tariff saga
The week on financial markets continues with investors in wait-and-see mode. On the one hand, new data on the state of the U.S. economy and labor market will arrive; on the other, markets must reckon with another episode in the tariff saga. The S&P 500’s technical outlook is improving, and at the same time gold is regaining positive momentum.
Nothing new to report on the intermarket dashboards. Investors remain on hold as they assess the health of the U.S. economy and the evolution of the tariff issue. Positive confirmation for the S&P 500.
On the macroeconomic front, the U.S. labor market will once again take center stage: the ADP employment report is due, and May’s ISM Services index will also be important. Other events include the Bank of Canada’s policy decision and the final May composite PMI readings.
Our forward-looking analysis suggests another uncertain day for equity markets, even though the underlying tone has become more positive. Positive signals are seen for gold and for corporate bonds. Volatility is expected to remain essentially stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 4 June 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.
