US equity futures are little changed. European markets pointed to a weaker open, while Asian equities finished mostly higher. The market focus remains on trade developments after President Trump began issuing tariff letters to countries without deals, including Japan and South Korea, which now face 25% base tariffs starting 1-Aug. The White House said more letters will follow, though emphasized flexibility on the deadline and openness to negotiate rates. Reuters reported the EU is likely exempt, signaling progress toward a deal. Trump also threatened an additional 10% tariff for countries pursuing "anti-American" BRICS-aligned policies.
Companies Mentioned: Blackstone, SFR, Shein, Hess, Chevron, Exxon Mobil