Microsoft at $4 trillion market cap after earnings beat.
First rate cut expected in September.
The Federal Reserve is expected to keep interest rates unchanged.
Tariffs are already hampering world growth.
ECB leaves interest rates unchanged for now.
Asian markets are a sea of green.
White House also announced two trade pacts with the Philippines and Indonesia.
Start of a busy week for corporate earnings.
Retail sales grew in June, and consumers showed no signs of trade worries.
Trump said 150 countries will receive tariff letters, escalating global trade tensions and signaling a more aggressive stance on U.S. economic policy.
Hang Seng heads for highest close since Feb 2022.
Q2 earnings season starts with the big banks.