Uncertain financial markets searching for stimulus
Financial markets are looking for catalysts at the start of December. The increasingly likely rate cut by the Fed doesn’t seem sufficient to revive investor confidence, as they wait for some encouraging macro data. Equities remain uncertain, bond yields are falling, cryptocurrencies are still in the red, and volatility is stable.
Our intermarket dashboards continue to show a neutral situation in terms of sentiment, with risk indicators remaining in mildly risk-on territory. The impression is that financial markets are experiencing a phase of marked uncertainty that is dampening existing trends but at the same time lacks the strength to reverse them. The medium-term positive performance of global equities and bonds shows a clear loss of momentum, while an upward trend is emerging in commodities, albeit with significant volatility. It is worth noting that the correlation between stocks and bonds has returned to positive territory and above the yearly average.
Today’s macroeconomic agenda features few data releases. Highlights include the flash estimate of inflation in the Euro area, unemployment in the Euro area, Japanese consumer confidence, and Brazilian industrial production.
Our forecasting analyses indicate an uncertain day for equity markets, with few clearly positive signals. In the bond market, signals point toward declining yields, while the picture remains mixed for commodities. Signals are positive for gold and negative for cryptocurrencies. Volatility is stable.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 2 December 2025 - 7:17 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.
