According to online reports, analysts at Nomura Securities said in a research report that as the July 9 deadline approaches, the market may experience fluctuations. The near-term outlook may depend on several key factors, including tariff rates, the effective date of such tariffs and the countries involved in the new agreement. "While uncertainty remains high in a variety of possibilities, we believe that greater clarity in trade tariffs may actually help the market eventually move higher," analysts said. They said the new tariff agreement could reduce uncertainty and allow investors to temporarily focus on other positive developments, such as the Fed's interest-rate cut theme and the artificial intelligence narrative.