Wall Street, Global Markets Brace For Volatile Week After Weak Jobs, Tariff Shocks

Global markets faced significant pressure as US President Donald Trump's recent tariff hikes and weak US jobs data spurred selloffs across equities and bonds worldwide. The US nonfarm payrolls report showed much weaker-than-expected job growth, intensifying speculation about potential Federal Reserve rate cuts starting as early as September, which investors will watch closely this week alongside inflation data and Fed officials' comments. Wall Street braces for a packed week with numerous economic reports, including PMI data, a Treasury bond auction, jobless claims, and earnings releases from major companies like Pfizer, AMD, Disney, and Eli Lilly. Trump's administration continues to influence market sentiment, including the postponement of bilateral tariffs and his controversial firing of the Bureau of Labor Statistics head amid allegations of manipulated jobs data. Meanwhile, global investors remain cautious given the risk of escalating trade tensions and the potential impact on supply chains and corporate earnings. In India, markets are focused on the Reserve Bank of India's upcoming interest rate decision, Q1 earnings from blue-chip companies, and ongoing concerns about trade relations, particularly following Trump's tariff decisions affecting Indian goods.