Trump's tariffs set to smash ASX again as RBA's Bullock prepares to speak
Markets may be the biggest story in macro this week, with the ASX headed for steep falls on Monday following a savage sell-off on Wall Street.
Donald Trump's sweeping tariffs were widely telegraphed, but they still shocked markets and upended the global economic outlook and local interest rate forecasts.
On Friday, the US benchmark S&P 500 index fell by 5.97% — its worst single day fall since the pandemic, and at the time of publication, ASX futures are pointing to another steep fall of around 4% for the local market.
Tariffs and their impact on markets will dominate the economic agenda this week, which is headlined by Michele Bullock's first public address since 'Liberation Day' and last week's RBA interest rate decision, which she will deliver against the backdrop of the federal election campaign.
Here’s what you need to know about the key economic data releases this week.
