Tariff Impact - The U.S. has announced new tariffs, including a 100% tariff on branded pharmaceuticals, 50% on kitchen cabinets and bathroom vanities, and 25% on heavy trucks, aimed at incentivizing domestic manufacturing [1][2]. Market Reactions - U.S. and European pharmaceutical stocks remained stable, while Asian pharmaceutical stocks declined. Packer, a truck manufacturer, and Wayfair, an online furniture retailer, saw stock price increases due to the tariff news [3]. Economic Sentiment - The University of Michigan consumer sentiment index fell to 55.1 from 58.2, indicating concerns over high prices and job security, approaching the low seen in April [5][6]. Labor Market Data - Upcoming labor market data, including job openings and the jobs report, is crucial for understanding economic conditions, especially in light of potential government shutdowns affecting data release [7][8]. Global Manufacturing Insights - PMI surveys from the U.S., China, and the Eurozone will provide insights into global manufacturing health amidst tariff uncertainties, with recent data showing elevated input costs for U.S. companies [9][10][11]. Currency and Economic Trends - The weakening of the U.S. dollar against other currencies, particularly the euro, is noteworthy, as European and Asian equities have been outperforming due to currency strength [12]. Federal Reserve Commentary - Upcoming speeches from key Federal Reserve officials may provide insights into future monetary policy, especially in light of recent economic data [13][14].