The risk mood keeps steadier and more boxed in going into the final stretch of the week | investingLive

Major indices in the US had a mixed showing yesterday, mostly keeping little changed. Tech shares squeezed out slight gains but it wasn’t all too convincing of a more positive undertone even if European equities also managed to grind higher yesterday. At the balance, investors seem a bit nervous still in trying to manage the whole debate on the AI bubble.

So far today, there is still an air of calm across markets. The US weekly initial jobless claims yesterday did surprise a little but the numbers were likely influenced by the Thanksgiving holidays. So, that sentiment is helping to keep things in check and market players are waiting on the next key risk event or headline to work with.

But as we look to wrap up the week, there won’t be much drama to be had in all likelihood. As a reminder, there will be no US non-farm payrolls report today with it being pushed back to 16 December instead.

S&P 500 futures are now up 0.2% as US stocks slowly creep closer towards fresh record highs once again. But with the Fed just around the corner next week, there’s still going to be a sense of trepidation in the run up to the FOMC meeting.

Putting all that together, the lack of drama allows for investors to hold a calmer and steadier footing for now. However, there will be a sense of caution as we get closer to the final Fed policy decision for the year – even if a rate cut is well anticipated by now.