Monday 1st September 2025

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This could shape up to be quite a busy week, with an expected mix of political and data-driven headlines. But it gets off to a slow start with equity and bond markets closed in the US on Monday for Labour Day. The week ramps up towards the latest non-farm payrolls on Friday, taking in Australia’s Q2 GDP along the way. NAB’s Taylor Nugent says it would take a lot for payrolls to divert the Fed away from a September cut. And expect more this week on the legality or otherwise of President Trump’s tariffs.

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A week of politics, US jobs data and Aussie GDP.