Stock market: Trump's tariff hike puts Europe on alert, leading to a moderately declining opening.

European stock markets are expected to open after US President Donald Trump announced 30% tariffs on the EU (and Mexico) starting August 1. Futures on the continent's main stock markets are forecast to start lower, albeit modestly.

Tokyo stocks remain cautious. The rest of Asia is mixed.

Meanwhile, the Tokyo Stock Exchange closed just above par, while other major Asian markets are moving cautiously, closing their respective sessions later. The Japanese Nikkei 225 index closed up 0.03%; Shenzhen was similarly up 0.10%. Hong Kong rose moderately (+0.23%); Seoul also rose in cash (+0.71%). Mumbai fell below par, down 0.28%; Sydney was at par (+0.1%).

The euro 's performance was flat against the Japanese yen, trading at a modest -0.06%. The euro was essentially unchanged against the Chinese yuan, trading at a negligible +0.04%. The euro was essentially unchanged against the Hong Kong dollar, trading at a modest 0%. The yield on the 10-year Japanese yen is trading at 1.57%, while the yield on the 10-year Chinese government bond is 1.67%.