MSCI Global Index hits a new high, U.S. stock futures slightly pull back, oil prices plunge, and gold rebounds for the second consecutive day

The market is optimistic that the economy can withstand the tariffs, and global stock markets continue to rise at the start of the second half of the year. The MSCI Global Index has risen for four consecutive days, reaching a new high, while Asian and European stock markets have seen slight increases, and U.S. stock futures have slightly pulled back after a strong performance. Safe-haven assets are also seeing buying interest, with U.S. Treasury prices rising and gold gaining for two consecutive days. Iran has stated that it has not yet decided on nuclear negotiations with the U.S., and its nuclear facilities have suffered severe damage, causing oil prices to plunge in the short term. Here are the movements of core assets: U.S. stock index futures are all slightly lower. European stocks have risen slightly, with the German DAX 30 index opening up 0.17%. The UK FTSE 100 index opened up 0.18%. The Nikkei 225 index closed down 1.2% as Trump threatened to impose tariffs on Japan. The South Korean KOSPI closed up 0.6%. The U.S. dollar index fell slightly by 0.1%, the yen appreciated by about 0.4%, the euro remained basically flat, and the pound rose slightly by 0.1%. Most U.S. Treasury yields fell slightly, with the benchmark 10-year U.S. Treasury yield down more than 2 basis points. Spot gold rose about 0.8%, and spot silver rose about 0.7%. Bitcoin fell about 0.5%, and Ethereum fell about 0.2%. International oil prices plunged in the short term, with WTI crude oil falling below $65 per barrel, reported at $64.99 per barrel. In the stock market, U.S. stock index futures have slightly pulled back, with the S&P 500 index futures down about 0.2%. The Nikkei 225 index closed down 1.2% due to Trump's threat to impose new tariff levels on Japan, while the strengthening yen further impacted export companies. Analysts point out that Trump seems to be reusing his usual strategy of "escalate first, negotiate later," and with the negotiation deadline approaching on July 9, more intimidating remarks are expected. Meanwhile, the European Union has expressed a willingness to accept a unified 10% tariff on most exports but demands that the U.S. lower tariffs in key industries such as pharmaceuticals, alcohol, semiconductors, and commercial aircraft. Kieran Calder, head of Asian equity research at Union Bancaire Privee, stated that as the earnings season approaches and the tariff deadline nears, market sentiment may be "very sensitive" to developments in trade policy. He also noted that it is essential to consider that the U.S. market is at historical highs amid macroeconomic uncertainties, primarily driven by U.S. policies. Professional investors are optimistic about the second half of the year. Jun Bei Liu, founder and chief investment manager of Ten Cap, believes that the overall outlook for the second half of the year remains quite optimistic. He disagrees with the view of many predicting a significant decline in the stock market, stating that the fundamentals of the stock market are quite robust. Looking back at the first half of the year, the market's expectation of smooth trade negotiations pushed U.S. stocks to new highs, while the anticipation of interest rate cuts by the Federal Reserve led to the best first half performance for U.S. Treasuries in five years However, the greater uncertainty brought to the long-term structure of the U.S. economy by Trump's tariffs and fiscal plans is reflected in the U.S. dollar index, which fell by 10.8% in the first half of this year, marking the worst performance for the first half since 1973. The Bloomberg Dollar Index fell for the sixth consecutive month in June, the longest streak of declines in eight years, as investors weighed Trump's latest massive fiscal plan