The focal point of this week will be the details of US reciprocal tariffs, which are scheduled to be implemented on Wednesday (April 2). A day later, 25% tariffs on cars imported into the US will take effect. It is unclear whether the reciprocal tariffs will be broad or targeted, but the prospect of added inflationary pressures and a tariff-induced economic slowdown will keep investors on edge. In terms of global economic releases, highlights will be the US jobs report and ISM indices, while here in New Zealand the latest ANZ Business Outlook survey will take centre stage.