New U.S. tariff announcement rattles financial markets at week’s end
End of the week slowdown for equity markets, with news on the U.S. macroeconomic front reducing expectations of an accelerated pace of Fed rate cuts. Adding to the uncertainty is Trump’s announcement of new tariffs starting October 1. Both equities and bonds remain uncertain.
Our intermarket dashboards still show signs of a slight decline in risk-on sentiment, likely linked to geopolitical factors and a recalibration of expectations regarding the Fed’s moves. Equities and bonds are testing the 10-day moving average, while gold also seems to be slowing its rally. Oil shows a slight uptick amid tensions between NATO and Russia.
Today’s macro focus will be on U.S. August consumption and PCE inflation data. Also noteworthy is the final reading of September’s Michigan consumer sentiment index.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 26 September 2025 - 7:23 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.
