Investors Await PCE Data and Upcoming Fed Moves
Financial markets are focused on the upcoming moves by the Fed, and investors are awaiting the latest PCE inflation data to assess whether a rate cut could already be possible in July, especially in light of yesterday’s labor market and GDP figures. Equities and bonds continue to rise, the dollar remains weak, and copper is recovering.
Our intermarket dashboards confirm a “risk-on” environment in financial markets, with the S&P500/VIX ratio returning to the highs seen at the end of last February, and the strength of tech stocks pushing the S&P500/Nasdaq ratio to the lows of early this year. Equities and bonds maintain their upward trends, while commodities remain sideways.
On the macroeconomic front, today’s calendar includes preliminary June inflation data from France and Spain, the Eurozone’s June Economic Sentiment indicator, PCE inflation figures from the U.S., May personal spending data in the U.S., and the final reading of the University of Michigan index for June.
Our forecast analysis suggests a positive day for equities, with some added uncertainty in Europe. Positive signals persist for copper and silver, while in the currency space, the outlook remains negative for the U.S. dollar. Bond yields are trending lower, and volatility remains stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 27 June 2025 - 7:12 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.
