Analysts at Nomura Securities stated in a research report that as the deadline of July 9 approaches, the market may experience volatility. Recent outlooks may depend on several key factors, including tariff rates, the effective date of such tariffs, and the countries involved in the new agreements. The analysts stated: 'Although uncertainty remains high under various possible scenarios, we believe that further clarity on trade tariffs may actually help the market ultimately move higher.' They mentioned that the new tariff agreement could reduce uncertainty, allowing investors to temporarily focus on other positive developments, such as the Federal Reserve's interest rate cuts and the narrative around artificial intelligence.