下周，随着7月9日最后期限的临近，投资者将密切关注美国的贸易发展，这标志着4月份宣布的关税暂停的结束。特朗普政府已开始向贸易伙伴发出正式信函，概述他们将面临的关税税率。截至7月4日，只有少数交易已经敲定，特别是与英国、越南的交易，以及与中国的框架协议。人们的注意力还将转向联邦公开市场委员会会议纪要的发布，因为交易员们希望进一步明确美联储今年剩余时间的政策方向。美联储主席鲍威尔一直保持谨慎、观望的立场。在经济方面，美国的日历相对较轻。在全球范围内，市场将关注中国的消费者和生产者价格数据、英国的月度GDP数据、德国的工业生产和贸易数据、加拿大的劳动力市场报告以及澳大利亚、韩国、马来西亚和新西兰央行的货币政策决定。

Next week, investors will closely monitor trade developments in the US as the July 9th deadline approaches, marking the end of the tariff pause announced in April. The Trump administration has begun sending formal letters to trading partners outlining the tariff rates they will face. As of July 4th, only a few deals had been finalized—specifically with the UK, Vietnam, and a framework agreement with China. Attention will also turn to the release of the FOMC minutes, as traders look for further clarity on the Fed’s policy direction for the rest of the year. Fed Chair Powell has maintained a cautious, wait-and-see stance. On the economic front, the US calendar is relatively light. Globally, markets will be watching China’s consumer and producer price data, monthly GDP figures from the UK, industrial production and trade numbers from Germany, Canada’s labor market report, and monetary policy decisions from central banks in Australia, South Korea, Malaysia, and New Zealand.