Financial Markets Remain Neutral as Week Begins; Focus Shifts to Oil Supply and Geopolitical Risks

Financial markets are starting another week that looks set to be dominated by the “usual” hot topics, with fewer macroeconomic data releases: oil (following the latest G7 moves and with supply seemingly stabilizing), inflation and yields (with US macro data having a calming effect on the one hand, and growing pressure on Eurozone government finances on the other), and the technology sector (with the Anthropic IPO gearing up).

Overall, investor sentiment remains in neutral territory, with futures pointing to a slightly weaker opening for the US and a modestly higher opening for Europe.

Financial markets sentiment

Financial markets are showing neutral sentiment today. Intermarket analysis points to a Market Health Score of 58/100. The week opens by confirming the “usual” hot topics: geopolitical tensions are keeping the oil/gold ratio above its medium-term moving average and holding the Commodities/Bonds ratio at period highs. However, the equity market continues to show signs of risk-on sentiment, with both the Dow/Gold and S&P 500/VIX ratios in positive territory. Technology continues to outperform the main Wall Street index, while the Gold/Dollar ratio is “seeing” the lows recorded last July.

Across asset classes, the latest price movements confirm the loss of momentum in global equities, which nevertheless remain around their short-term moving average. The bond market is looking for a bottom after its prolonged downtrend, while commodities have now stabilized at period highs, with no further upside breakouts.

Our market “weather map” confirms a broadly neutral picture, with only the US Dollar and the Technology sector exceeding the 60-point Health Score threshold. Overall, more than 70% of the assets monitored remain in the neutral zone.

Among the most interesting weekly changes, the EuroStoxx 50 recorded a 15-point decline in its score, while Brazilian equities gained 7 points in their score — certainly one of the hot topics during the first few days of this week.

Global Futures – Pre-Market Sentiment

Pre-Market Futures: Global futures point to a moderately risk-on sentiment (+0.27% on average), with the US slightly negative (-0.10%), Europe slightly positive (+0.12%), and Asia slightly positive (+0.27%).

Macroeconomic calendar

The macroeconomic week gets underway with the final September composite PMI figures, an update on Japanese consumer confidence, August 2026 producer prices in the Eurozone, and the September update of the US ISM Services Index.

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NOTES AND WARNINGS

Data compiled by kbmeter.com. Analysis date: 5 October 2026 - 7:44 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.