By Dow Jones Newswires Staff


Asian stocks were higher while European stocks and U.S. futures were mostly flat as markets focus on the latest trade developments after President Trump announced a three-week extension to the tariff deadline to Aug. 1.

Trump started sending letters to those countries that haven't as yet agreed deals with the U.S. and announced increased tariffs on goods from Japan and Malaysia to 25% from the 24% set in April, while setting 30% tariffs on South Africa from Aug. 1.


--U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat after falling from all-time highs on Monday.


--Asian stock markets mostly advanced Tuesday after President Trump unveiled his three-week extension to negotiate trade agreements, spurring mild hopes for deals following punishing U.S. tariffs. Japan's Nikkei 225 index gained 0.3%, and Hong Kong's Hang Seng gained 1%. China's benchmark Shanghai Composite gained 0.7%.


--In Europe, Germany's DAX the Stoxx 600 were flat, while and London's FTSE rose 0.1%. Miners were leading the FTSE index higher, with Endeavour Mining up 1.6%, Fresnillo up 2.2%, Glencore up 2.4% and Antofagasta up 1%.


--The Wall Street Journal Dollar Index dropped 0.3% to 94.54.


--Crude futures edged lower in early trading after gaining nearly 2% in the previous session, as investors weighed President Trump's renewed tariff threats and OPEC+'s large output hike. Brent crude was down 0.1% to $69.55 a barrel, while WTI fell 0.2% to $67.81 a barrel.

Gold futures traded sideways amid trade uncertainty and tariff delays. Futures were flat on $3,343.0 a troy ounce, but remained up 1.1% on week on persistent safe-haven demand.


--The German 10-year Bund yield rose by 3 basis points to 2.68% from 2.645%, and the yield on the 10-year U.S. Treasury climbed by 2 basis points to 4.403% from 4.385%. Bond prices and yields move in opposite directions.


Write to Barcelona Editors at barcelonaeditors@dowjones.com


(END) Dow Jones Newswires

07-08-25 0419ET