07:56 AM EST, 11/25/2025 (MT Newswires) -- Global markets lie in wait for a string of second- and third-tier United States macroeconomic reports on Tuesday, said Scotiabank.

Risk appetite is little changed, with most equity benchmarks looking flat so far, noted the bank. The same is valid for little movement across global sovereign bonds and the US dollar (USD).

A wave of U.S. releases will dominate calendar-based risk on Tuesday. None of them are top-tier as investors will have to wait a while to get those, stated Scotiabank. Some of the key ones -- retail, producer price index -- will be stale on arrival as September readings won't settle much of anything.

What may give a fresher sense of consumer attitudes towards U.S. Thanksgiving and the surrounding holiday sales will be consumer confidence, added the bank. Most expect confidence to continue slipping, but then again, actions speak louder than words and so Scotiabank needs to track high-frequency readings to get a sense of how the holiday season is tracking.