Macro outlook for next week: Trump overturns the table, April 2 may become a watershed for global assets

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PANews
03-29
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PANews reported on March 29 that next Wednesday (April 2) is the day of Trump's reciprocal tariff announcement, which has investors more cautious due to uncertainty about the specific tariffs Trump will implement. Bank of America forex analysts Athanasios Vamvakidis and Claudio Piron stated in a report that risks are balanced before next week's deadline. Tariffs on specific products are already expected by the market. Comprehensive tariffs would be a negative surprise, and in this case, the US dollar is not expected to remain strong. Against the backdrop of high market risk aversion, gold has repeatedly set new highs this week, reaching a historical record of $3,086.75 per ounce, marking the 18th new high of the year, with a quarterly increase of 17%, the largest since 1986. Here are the key points the market will focus on in the new week:

Monday 21:45, US March Chicago PMI

Tuesday 21:45, US March S&P Global Manufacturing PMI Final Value

Wednesday 20:15, US March ADP Employment Numbers

Thursday 01:00, ECB President Lagarde's Speech

Thursday 19:30, ECB Publishes March Monetary Policy Meeting Minutes

Thursday 19:30, US March Challenger Corporate Layoff Numbers

Friday 00:00, Federal Reserve Vice President Jefferson's Speech

Friday 20:30, US March Unemployment Rate, US March Seasonally Adjusted Non-Farm Employment Population, US March Average Hourly Wage Year-on-Year/Month-on-Month Rate

Friday 23:25, Federal Reserve Chairman Powell's Speech

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