BlockBeats News, March 31st. During Monday's morning trading session, S&P 500 and Nasdaq 100 index futures dropped by over 0.5%. More volatility is expected this week, as President Trump will announce reciprocal tariffs on Wednesday, and the US March ADP Employment Report will also be released on Wednesday. Furthermore, Friday will see the release of the US March unemployment rate and nonfarm payrolls data, with Federal Reserve Chair Powell delivering a keynote speech on the same day.
Chris Weston, Head of Research at Pepperstone, stated: "The market is now entirely fixated on the upcoming deluge of tariff-related headlines, highly sensitive to any economic data themes accelerating the slowdown in economic activity and expectations of rising inflation. Risk assets will continue to sell-off early this week, with cross-asset volatility increasing."
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