Market Analyst at IG Kyle Rodda expects the ASX to “fall quite considerably” on Tuesday on the back of international trade news, citing consumer confidence being “sapped out of the market”.
“In terms of futures markets, we are expecting the ASX200 to fall about 1.5 per cent, Mr Rodda told Sky News.
US President Donald Trump placed tariffs on two South American countries, Argentina and Brazil, causing some uncertainty around the world. Mr Rodda also anticipates the Reserve Bank of Australia will leave rates on hold ahead of its December meeting on Tuesday afternoon. Image: Getty
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