1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The U.S. is accelerating tariff negotiations with major trading partners as August 1st approaches. There are developments in trade agreements between the U.S. and Japan, and potential agreements between the U.S. and the EU, while the third round of China - U.S. trade negotiations is set to take place [6]. - Different commodities in the futures market are expected to have various trends, such as gold and silver showing upward trends, copper being supported by inventory reduction, and many other commodities having different trends like short - term oscillations, wide - range fluctuations, etc. [11]. 3. Summaries by Related Catalogs 3.1 Metals 3.1.1 Precious Metals (Gold and Silver) - Gold is expected to oscillate upwards, and silver to break through and rise. Their trend intensities are both 1, indicating a moderately positive outlook [11][17][19]. - Gold and silver have specific price, trading volume, and inventory data. For example, the closing price of Shanghai Gold 2510 is 792.90 with a daily increase of 1.03%, and the closing price of Shanghai Silver 2510 is 9492 with a daily increase of 1.07% [15]. 3.1.2 Base Metals - **Copper**: Inventory reduction supports its price. The trend intensity is 1. There are updates on copper's price, trading volume, inventory, and news about trade agreements and new mine production [21][23]. - **Zinc**: It is expected to have short - term oscillations. The trend intensity is 0. Relevant price, trading volume, and inventory data are provided, along with news about potential EU - U.S. trade agreements [24]. - **Lead**: It is waiting for the fermentation of supply - demand contradictions, with prices oscillating. The trend intensity is 0, and there are data on price, trading volume, inventory, and news about the U.S. - Japan trade agreement and global lead market supply [27][28]. - **Tin**: The flood in Wa State has disturbed its price. The trend intensity is - 1, suggesting a slightly bearish outlook. There are updates on price, trading volume, inventory, and various macro and industry news [30][33]. - **Aluminum, Alumina, and Cast Aluminum Alloy**: Aluminum is expected to oscillate within a range, alumina to return to fundamentals, and cast aluminum alloy to continue oscillating. Their trend intensities are all 0. There are detailed production - related data and news about China - U.S. trade negotiations and Hainan Free Trade Port policies [35][36]. - **Nickel and Stainless Steel**: Nickel's macro - sentiment boosts expectations, but reality limits its elasticity; stainless steel is marginally dominated by macro - sentiment, and its fundamentals determine elasticity. Their trend intensities are both 0, and there are data on price, trading volume, and industry news about nickel production and policies in Indonesia [37][41]. 3.2 Energy and Chemicals 3.2.1 Energy - **Coking Coal and Coke**: Coke's second - round price increase has been implemented, and it is expected to oscillate strongly; coking coal's supply policy expectations strengthen constraints, and it is also expected to oscillate strongly. Their trend intensities are both 1, with detailed price, trading volume, and inventory data [60][61][63]. - **Power Coal**: Its daily consumption is recovering, and it is expected to oscillate and stabilize. The trend intensity is 0, with price data from ports and production areas and information on open - interest changes [65][67][68]. 3.2.2 Chemicals - **Carbonate Lithium**: There are large differences between long and short positions, and its trend may have wide - range oscillations. The trend intensity is 0, with data on price, trading volume, and news about price increases and EU policies [42][44]. - **Industrial Silicon and Polysilicon**: Industrial silicon requires attention to upstream resumption of production progress, and polysilicon's industry conference is held, with attention to market fluctuations. The trend intensity of industrial silicon is 0, and that of polysilicon is 1 [45][46][48]. - **Other Chemicals**: Many other chemicals such as PVC, fuel oil, etc. have different expected trends, including short - term weakness, oscillations, etc. [13]. 3.3 Building Materials and Minerals - **Iron Ore**: Supported by macro - expectations, it is expected to oscillate strongly. The trend intensity is 0, with price, trading volume, and inventory data, as well as news about large - scale infrastructure projects [49][50]. - **Rebar and Hot - Rolled Coil**: They are expected to have wide - range oscillations. Their trend intensities are both 0, with price, trading volume, and inventory data, and news about power consumption, steel industry policies, and production and inventory changes [52][53][55]. - **Silicon Ferrosilicon and Manganese Silicate**: They are expected to have wide - range oscillations. Their trend intensities are both 0, with price, trading volume, and inventory data, and news about price changes in the spot market [57][59]. 3.4 Others - **Log**: It is expected to oscillate repeatedly, but no detailed data or news are provided [69].

美国白宫副幕僚长丹·斯卡维诺在X（原推特）上发布的特朗普和赤泽亮正会谈的照片 美国白宫总统办公室，特朗普向坐在对面的赤泽亮正连声提问，"是否从波音公司采购？"赤泽亮正回答 说"会"。特朗普还当场用笔将白板上写的日本投资支援额从"4000亿美元"改为"5000亿美元"。"急于达 成协议的不是日本，而是美国"…… "总统的日程空着，总统想进行谈判"，在协议前一天的7月21日晚，在华盛顿近郊的美国商务部长卢特 尼克的私宅。坐在卢特尼克对面的日本经济财政兼再生相赤泽亮正被如此告知。 与卢特尼克的会谈持续到晚上11点左右，达到2个多小时，成为设想第二天与美国总统特朗普面对面谈 判的预演。日本政府相关人士透露，赤泽亮正在羽田机场起飞时并未设想与特朗普会面。 日美两国政府就为期近100天的关税谈判达成协议。在成为谈判最后时限的8月1日之前，支持基础出现 动摇的美国总统特朗普为了取得成果，一口气加快了达成妥协的步伐。此举意在将日美协议作为与欧盟 （EU）等剩余地区和国家谈判的立足点。 特朗普称"想进行谈判" 22日下午，在美国白宫的总统办公室。特朗普把卢特尼克带来的写有日本提议内容的大白板放在桌上， 向坐在对面的赤泽亮正连声 ...

Market Performance - US stock market experienced a significant rally with all three major indices closing higher, including the Dow Jones Industrial Average rising over 500 points, a gain of 1.14% [1] - The Nasdaq increased by 0.61%, while the S&P 500 rose by 0.78% [1][2] Automotive Sector - Automotive stocks surged, with Toyota and Honda both increasing over 13%, and General Motors rising more than 8% [2][3] - Specific stock performances include: - Toyota: 13.65% increase - Honda: 13.07% increase - General Motors: 8.73% increase [3] Chinese Stocks - Most Chinese stocks saw gains, with BYD's ADR up over 4%, Pinduoduo rising by 3%, and Alibaba, Tencent, and Xiaomi all increasing by over 1% [3][4] - Specific stock performances include: - BYD: 4.48% increase - Pinduoduo: 3.00% increase - Alibaba: 1.59% increase [4] Trade Agreements - Progress in tariff negotiations between the US and Japan, focusing on semiconductor design and manufacturing, natural gas, and new shipbuilding [4] - Japan committed to increasing its import of US rice by 75% and purchasing $8 billion worth of US goods, including corn, soybeans, and sustainable aviation fuel [4] - The US and EU are nearing an agreement that may reduce tariffs on certain products, including a potential decrease in the current 25% auto tariff to 15% [5]

Group 1: Gold Market Analysis - Gold prices experienced a significant drop, trading around $3390.53 per ounce after reaching a high of $3433.37, the highest since June 16, with a closing price of $3431.59, marking a 1% increase [2] - The decline in the US dollar, which fell 0.3% to 97.545, contributed to the rise in gold prices, supported by global trade uncertainties and a decrease in US Treasury yields [2] - The upcoming tariff negotiations and the Federal Reserve meeting at the end of the month are critical variables for gold price movements, with potential for a pullback if negotiations yield positive results [2][3] Group 2: Technical Analysis of Gold - Gold has shown a strong upward trend, with three consecutive days of gains, indicating robust short-term momentum [3] - The market is currently in an overbought state, suggesting a need for price correction, but the lack of orderly trading may suppress short-term demand [3][5] - Key resistance levels are identified at $3410-$3420, while support levels are at $3370-$3360, indicating a complex trading environment [5] Group 3: Oil Market Analysis - Brent crude oil prices rebounded to around $69 per barrel, while WTI crude hovered around $66, following positive developments in trade negotiations [6] - The optimism surrounding new tariff agreements has improved market sentiment, although concerns about global economic slowdown continue to weigh on oil demand [6] - The current rebound in oil prices reflects short-term trading sentiment rather than a substantial recovery in demand, with ongoing pressures from weak global consumption and geopolitical risks [6] Group 4: Technical Analysis of Oil - The mid-term outlook for oil remains upward, with the potential to test $78, although short-term momentum indicators suggest a weakening bullish trend [7] - Short-term price movements are expected to be volatile, with resistance levels at $67.5-$68.5 and support levels at $63.5-$62.5 [7]

巴西财长Haddad：美国一直在与其他国家进行多轮关税谈判，轮到巴西了。 ...

美国总统特朗普：正与欧盟进行严肃谈判。如果他们同意对美国企业开放，我们将允许他们支付较低的 关税 ...

白宫官员：（谈与日本的协议）药品和芯片的关税将单独谈判，不会比其他贸易伙伴更差。 ...

Group 1 - The core viewpoint of the article is that Germany supports the European Commission's preparation measures for countering tariffs amounting to €100 billion [1] Group 2 - The German representative emphasized the importance of a unified EU response to external trade pressures [1] - The proposed countermeasures are aimed at protecting European industries from potential negative impacts of tariffs [1]

据央视新闻，当地时间23日，日本首相石破茂在直播记者会上称，日本与美国就关税问题达成一致，美方将向日本征收15%的关税，并增加进口 美国大米。该协议还包括日本向美国投资5500亿美元的承诺。 这一与关键协议缓解了市场对关税战的担忧。亚洲股市基准指数跳涨近2%至四年高位，帮助MSCI全球股指将2025年涨幅扩大至11%。日本股市 创历史新高，丰田汽车公司股价飙升，日元小幅上涨。 投资者押注关税突破，欧洲汽车股全面上涨 特朗普在社交平台Truth Social上称这项"大规模"贸易协议"可能是有史以来最大的协议"。日本首相石破茂对此表示欢迎，据报道，他称这标志 着"在与美国存在贸易顺差的国家中关税最低"。 Rayliant Global Advisors Ltd.投资组合管理主管Phillip Wool表示： "这基本符合我们对特朗普的预期。华盛顿现在真正关心的是达成标题性协议，让双方都能声称在贸易谈判中取得胜利，但让我们远离 全面贸易战可能带来的严重经济后果。" 花旗经济学家Katsuhiko Aiba表示，华盛顿和东京将汽车关税降至15%的协议可能影响与其他主要汽车出口国的谈判进程，特别是欧盟和韩国。 欧股开 ...

新华社北京7月23日电 美国总统特朗普22日在社交媒体上先后宣布，美国与菲律宾、日本达成贸易 协议，并称美日达成的是有史以来最大规模贸易协议。 特朗普政府一天之内高调发布美日、美菲贸易协议，披露与印度尼西亚贸易协议细节，并预告与欧 盟即将开展的谈判情况，意在形成美方推进贸易谈判的舆论声势。不过，从美日协议等细节观察，美为 达成协议也作出不小让步。同时，部分贸易伙伴并未受已达成贸易协议影响，甚至对美谈判立场转向强 硬。 以让步推动"最大规模协议"？ 特朗普称，根据协议，日本将向美国投资5500亿美元，美国将获得投资利润的90%。日本将向美国 开放汽车、卡车、大米及某些其他农产品和商品市场。美国将对日本输美产品征收15%的关税。 日本是美国主要贸易伙伴之一，两国因贸易逆差、汇率和汽车市场准入等发生过贸易摩擦。特朗普 本月7日曾致信日本首相石破茂，宣布将自8月1日起把几乎所有日本输美商品关税提高至25%。 负责谈判的经济再生大臣赤泽亮正22日当天在社交媒体上发文称"任务完成"。 石破茂23日晚些时候披露，根据协议，美国对日本汽车关税税率将降至15%。在日本舆论看来，作 为日美谈判焦点的汽车关税下调幅度超出预期，反映 ...