Nervous financial markets at the start of the week. Tensions rise between the Fed and the White House in the United States.

The week begins with what can be described as an outright clash between the Fed and the White House, following the announcement by Governor Jerome Powell of a Justice Department investigation opened against him. This standoff could hinder a further rate cut as early as the next January meeting (with the key December inflation data due tomorrow), and is unsettling financial markets, which are already under pressure due to international developments.

Financial markets therefore remain in an environment of uncertainty. On the one hand, futures are weighing on U.S. equity indices and volatility remains elevated; on the other, our financial markets weather map still points to moderately positive valuations.

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Our intermarket dashboards confirm an underlying environment that remains moderately risk-on, while the S&P 500 continues to recover relative to the Nasdaq (a sign of sector rotation worth monitoring).

As for the macroeconomic calendar, the day offers few catalysts. Worth noting is December inflation data in India.

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NOTES AND WARNINGS

Analysis automatically generated by kbmeter.com. Analysis date: 12 January 2026 - 8:55 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.