Markets shrug off shutdown; tech drives equities higher while bonds stall
Financial markets seem, for the time being, unconcerned about the federal shutdown in the US and are instead focusing on the positive news coming from the tech sector. The week ends without the crucial US labor market data, leaving the bond market at an impasse.
Our intermarket dashboards show little change. The situation still points to a risk-on environment, although some risk indicators are showing a slight weakening in strength. Equities continue to rebound from the short-term average, while fixed income remains more uncertain.
On the macroeconomic front, the day features producer price data in the Euro area and the US ISM services figures. The highly anticipated US labor market numbers have been postponed due to the shutdown.
Our forward-looking analyses continue to point to a positive outlook for equities. A wait-and-see stance remains for gold, while the position of fixed income is still uncertain. Volatility is essentially stable.
Already a subscriber? Login here
NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 3 October 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.
