ASX futures are walking a tightrope following mixed signals from Wall Street as investors await crucial inflation data to provide more clarity on the impact of US President Donald Trump’s ongoing trade war.
Contracts for the S&P/ASX 200 Index were pointing up two points on Monday morning, indicating a rise by just 0.02 per cent.
On Wall Street, the S&P500 Index closed up 0.7 per cent on Friday after Trump said he was engaging with Beijing on tariffs – a claim denied by officials in China. The Dow edged lower. Investors are looking to this week’s first-quarter GDP and personal consumption figures due on Wednesday for further clues about the impact of trade tariffs on the US economy. The US president floated an income tax cut on social media over the weekend, suggesting the revenue from tariffs would help fund the cut.
Source: https://www.afr.com/markets/equity-markets/asx-hangs-in-the-balance-us-local-inflation-in-focus-20250425-p5lual