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Australian shares will open Week 14 with a beating, with ASX 200 futures predicting a 100-point drop – a decline of around 1.27% – to open Monday trade.
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The impending 10am open blitz comes fuelled by U.S. uncertainty and what is sounding more and more like the biggest round of Donald Trump’s tariffs yet; a looming economic hit that sent Wall Street stocks into a tailspin late Friday.
The Dow Jones dove as much as -1.7%, while the Nasdaq composite lost -2.7%.
Adding to worry is the fact Trump said he “couldn’t care less” if prices are raised by tariffs.
Considering Week 13 was quite mellow by 2025’s chaotic standards, it may be a bit of a rough surprise for Aussie investors catching up on news with a coffee.
There’s plenty more in Oz set to rock the boat through this week too, shaping Week 14 up to be one of the more turbulent of the calendar year thus far.
First on the docket – the Federal Election’s campaigning should get into full swing through this week as Anthony Albanese strives to keep Peter Dutton from parliamentary power. We should get a clear view of party policies soon.
The RBA is also going to have a say: We have a rate call meeting on Tuesday.
In company news, Downers EDI (ASX:DOW) has been awarded a $600M electricity field services agreement with New Zealand energy distributor Powerco.
HMC Capital’s (ASX:HMC) takeover bid aimed at Australia’s second-largest hospital group, Healthscope (ASX:HSO), is also finally taking flight. HMC is talking directly to owner Brookfield, which needs the cash in hand to pay mounting debts.
And, Woodside (ASX:WDS) has sold its Greater Angostura assets in Trinidad for $206M.
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Looking at forex, the Aussie dollar is buying 62.8 US cents.
To commodities, which are in the greenback,
Iron Ore has held mostly firm to sell at $103.25 a tonne in Singapore,
Brent Crude is trading at $73.63,
Gold has leaped higher again, to $3,129 per ounce, and,
US natgas futures are selling 3.6% higher, at around $4.06 per gigajoule.
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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
