The market is paying attention to tonight's non farm payroll data. If the data is weak, it may strengthen the expectation of further interest rate cuts by the Federal Reserve this year US President Trump announced a 10% tariff on all imported goods and implemented "equivalent tariffs" on countries with large trade deficits, sparking global trade tensions. The market focus has now shifted to tonight's US non farm payroll report, and if the data is weak, it may strengthen expectations of further interest rate cuts by the Federal Reserve this year. At present, the market expects four interest rate cuts in 2025, in June, July, September, and December, with each cut being 25 basis points.