Markets Focus on U.S. Amid Tariff Tensions and Tax Debates
The United States remains at the center of the stage in financial markets. Investors are closely following the fate of the “Big Beautiful Bill,” weighing its potential effects on technology stocks. On the tariff front, the deadline of July 9 is approaching, with a mix of optimistic statements and threats of letters being sent that create uncertainty. U.S. equities are still expected to grow, but with less momentum. The bond market rally continues.
Our intermarket dashboards remain stable, although equities are beginning to show slight signs of slowing down, still within an overall risk-on environment. Meanwhile, global bonds have reached their highest level in a year.
On the macroeconomic front, the day brings another interesting data point from the U.S. labor market with the ADP report. Unemployment trends in the Eurozone are also worth monitoring.
Our forward-looking analyses continue to indicate a positive outlook for U.S. equities, although technically, the momentum of the S&P 500 and Nasdaq appears to be weakening. The situation is more uncertain for European equities. There are still positive signals for corporate bonds, while the commodities sector remains in a wait-and-see phase. Volatility is largely stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 2 July 2025 - 7:18 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.
