Investment strategists warn Australian shares remain delicately poised following a stunning rebound over the past month as investors face the dual threat of a flare-up in US President Donald Trump’s trade war and a re-acceleration in global inflationary pressures.
Futures indicate the S&P/ASX 200 will rise 0.2 per cent, or 16 points, at the open on Monday after last week notching its first weekly drop since early April. The sharemarket has rallied 12.1 per cent since its April 7 low.
Investors will be watching the second day of trade negotiations on Sunday (overnight AEST) after senior US and Chinese officials met in Switzerland over the weekend. Trump called the first day of talks a “very good” meeting, describing it as a “total reset” in the trade war that has rocked global markets.
Source: https://www.afr.com/markets/equity-markets/sharemarket-rally-faces-reality-check-as-inflation-anxiety-returns-20250509-p5lxzg