Shares are poised to edge higher this week as investors brace for a pivotal Reserve Bank of Australia board meeting and await clarity on Donald Trump’s July 9 trade deal deadline.
The overarching focus will be on Washington on Wednesday when the 90-day pause on reciprocal tariffs announced by the US president in April is due to expire.
Major US trading partners hurried over the weekend to secure trade deals or lobby for extra time, while Treasury Secretary Scott Bessent indicated that some countries lacking an agreement by the deadline would have the option of a three-week extension to negotiate.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-but-investors-brace-for-rba-call-trump-tariff-restart-20250707-p5mcyx