Latest news indicates that the United States and the European Union are close to reaching a trade agreement, marking significant progress in tariff negotiations between the U.S. and its major trading partners. This development brings positive signals for the global economy, although there are still some unresolved issues.

Currently, trade negotiations between China and the United States are still ongoing, with both sides agreeing to an additional 107 days of negotiation. Although the current tariff level of around 15% remains significantly higher than last year's average level of 2.5%, there has been a noticeable improvement compared to the initial proposal, which undoubtedly gives the market some relief.

Next, the market's focus will shift to the impact of monetary policy and tariffs on inflation. With the exception of a few countries like China, most countries' new tariff policies are expected to officially take effect on August 1. The inflation data for September will reflect the impact of these tariff changes for the first time, and economists will closely monitor how these data affect the overall economy.

The direction of the Federal Reserve's policy is also a key focus for the market. The upcoming interest rate meeting on Wednesday is not expected to adjust interest rates, but investors will closely watch the speech of Federal Reserve Chairman Jerome Powell, hoping he will release more dovish signals, especially regarding the expectations of a possible rate cut in September.

Overall, the global trade pattern is undergoing significant adjustments, and the policy direction of central banks will greatly influence future economic trends. Investors and policymakers need to remain vigilant and ready to respond to potential new situations.