Company Interview / the open: ASX to dip

The S&P/ASX200 is set to dip, following a stellar week which saw the local market lift more than 2%. Futures are pointing to a 49 point drop at the open.

Global equities were little changed to end last week as investors weighed positive corporate earnings against the ongoing tariff threat with reports that U.S. President Donald Trump is considering new, harsher tariffs on European Union products.

On Friday, Charles Schwab shares advanced after posting higher profits, while American Express shares fell despite beating second-quarter profit estimates, and industrial giant 3M fell after saying the impact of tariffs will mostly be felt in the second half of the year.

US consumer sentiment rose, with inflation expectations easing. US Fed member Christopher Waller hinted he would dissent if the FOMC committee votes to hold interest rates steady at its meeting at the end of the month.

Top US reports this week include Tesla, Alphabet, Coca-Cola, General Motors, Intel and American Airlines.