ASX tipped to rise; Markets watching Trump’s health

Summary

• SPI futures are up 1.2% and hint at gains for the ASX200 at Monday’s open, even after Wall Street finished the week lower 
• Analysts tip a volatile start to the week after US President Donald Trump’s COVID-19 diagnosis added an extra layer of complexity to the risks already facing markets
• The S&P500 fell 1% and the tech-heavy Nasdaq index dropped 2.2% after news of President Trump’s positive coronavirus test broke on Friday
• Locally, investors will be anticipating the Reserve Bank of Australia’s latest cash rate decision on Tuesday, as well as the federal government’s budget announcements