The Week Ahead

• Equities ended last week with a rally, while bond yields fell. The U.S. continues to act unpredictably, with tariff discussions and geopolitical uncertainty fuelling risk-off sentiment.
• It’s a busy week ahead, both domestically and internationally. Today, we have ANZ Job Ads, a data point that provides forward-looking insight into labour market conditions.
• In the U.S., tariffs on Mexico, Canada, and China are set to begin on Tuesday, alongside the release of the ISM Manufacturing Survey.
• Domestically, we will be digesting retail sales data and the RBA Meeting Minutes, which could provide further insight into the latest monetary policy decision.
• To close out the week, domestic GDP will be released, with markets forecasting a 0.5% QoQ increase, driven by improvements in household consumption.
• The ISM Services Index is due on Thursday, and to finish the week, U.S. Non-Farm Payrolls will be released on Friday night.