Markets Face a Week Full of Unknowns, from Shutdown Risk to U.S. Jobs Data
The week begins with many uncertainties for financial markets. The focus remains on the United States, where the risk of a government shutdown looms starting next Wednesday. On Friday, official employment data for September will also be released—another key element to gauge the state of the U.S. economy and, consequently, the Federal Reserve’s next moves. Equities are seen as uncertain, bonds are in a wait-and-see phase, and commodities are trending upward.
Our intermarket dashboards show little change in sentiment. More interesting is to observe the performance of the main asset classes. Equities are rebounding from the 10-day moving average but show a loss of momentum; bonds are slipping below the short-term average amid doubts about a rapid Fed rate cut. In the medium term, upward trends remain solid. As for commodities, there is a renewed attempt to test six-month highs and break out of the medium-term sideways phase.
On the macroeconomic front, the day brings data on Eurozone private sector confidence, Spanish inflation, Indian industrial production, and pending home sales in the U.S.
Our forward-looking analyses still see an overall favorable outlook for equities, albeit with many shades of uncertainty. Commodities remain on the upside, but precious metals are in a wait-and-see phase. Bonds are also at a point of reflection. Volatility remains broadly stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 29 September 2025 - 7:29 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.
