No macro data; focus shifts to AI and France
In the absence of major U.S. macroeconomic data, investors are focusing on the deal between AMD and OpenAI, which is adding fresh momentum to the equity rally and boosting the tech sector. On this side of the Atlantic, however, clouds are gathering over France. The bond market appears somewhat more uncertain, while gold continues to show an upward bias.
In our intermarket dashboards, we observe that the Dow/Gold ratio is approaching yearly lows, while the Gold/Dollar comparison is hitting new highs. The metal remains a key player in an environment that is still broadly risk-on. Equities remain in an uptrend, whereas bonds show clearer signs of a slowdown.
On the macroeconomic front, the lack of U.S. data continues. Today’s agenda includes several speeches by Federal Reserve governors, September inflation expectations, and trade balance figures from Canada and France.
Our forward-looking analyses continue to indicate a broadly positive backdrop for equity markets, while the bond outlook remains more uncertain, with U.S. Treasury yields recovering and mixed signals from corporate bonds. Commodities remain volatile, with positive indications for gold. Volatility remains stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 7 October 2025 - 7:28 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.
