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In the coming week, the international market will focus on three major events:

1. US-China Trade Relations: The developments between the two countries remain the most closely watched topic. The direction of trade relations will significantly influence expectations for the global supply chain and trade patterns.

2. US Q3 Earnings Season: The upcoming third-quarter reports, especially from leading technology and consumer companies, will serve as an important indicator of the resilience of the US economy.

3. Federal Reserve Decisions: The Fed’s interest rate meeting and Chairman Powell’s public statements are likely to stir sensitive financial nerves. His remarks may trigger notable market fluctuations.

However, beyond economic issues, investors should pay closer attention to domestic risks in the United States. The government currently faces operational disruptions without a clear solution, and the situation remains concerning. A more serious risk arises if former President Trump pushes forward large-scale adjustments to the government system. Such actions could exceed the bounds of traditional political operations, potentially reducing administrative efficiency and shaking the stability of the existing political structure, sowing seeds of long-term political instability in the US.