According to ChainCatcher, on Monday morning, S&P 500 and Nasdaq 100 index futures fell by more than 0.5%. This week may see more volatility, with Trump set to announce reciprocal tariffs on Wednesday, and the US March ADP employment numbers also to be released on Wednesday. On Friday, the US March unemployment rate and non-farm employment data will be published, with Federal Reserve Chairman Powell delivering a keynote speech on the same day.
Chris Weston, Head of Research at Pepperstone, stated: "The market will now be completely influenced by the upcoming major tariff-related headlines, while being highly sensitive to economic data that could accelerate economic slowdown and expected inflation. Risk assets will further decline at the beginning of this week, and cross-asset volatility will increase."
