European stocks opened with mixed gains and downs, US dollar slowed down, spot gold fell slightly

**Source**: Wall Street Insights  

On Friday the 30th, amid tariff uncertainties, the U.S. dollar edged higher, easing its fifth consecutive monthly decline. Major European stock indices opened mixed, while the 10-year U.S. Treasury yield stabilized. Spot gold fell slightly.  

### Legal Challenges to Trump's Tariff Agenda  

According to a Xinhua report on the 29th, a U.S. appellate court reinstated tariff policies, providing breathing room for the Trump administration. White House officials said they plan to launch an unprecedented two-step "Plan B" strategy to ensure their tariff policies can continue despite any legal obstacles. Market concerns about "stagflation and tariffs" resurfacing have cooled risk appetite.  

S&P 500 index futures were little changed. Nasdaq 100 index futures fell 0.1%.  

Major European stock indices opened mixed. The Euro Stoxx 50 index opened down 0.02%, Germany's DAX index opened slightly up 0.1%, the UK's FTSE 100 index opened up 0.24%, and France's CAC 40 index opened down 0.07%. European stocks are on track for their largest monthly gain since January.  

Japan's Nikkei 225 index closed down 1.2% at 37,965.1 points. The Topix index fell 0.4%. South Korea's KOSPI index closed down 0.8%.  

The U.S. Dollar Index rose slightly by 0.21% to 99.54.  

The euro fell 0.2% against the dollar to $1.1349. The yen rose 0.3% against the dollar to 143.81.  

The 10-year U.S. Treasury yield was little changed at 4.41%.  

Japan's 10-year government bond yield fell 2 basis points to 1.500%.  

Spot gold fell 0.5% to $3,295.62 per ounce.  

West Texas Intermediate crude fell 0.2% to $60.79 per barrel.  

Most cryptocurrencies fell, with Bitcoin down over 2% and Ethereum down over 3%.  

"Regardless of what happens, the market realizes we're facing a prolonged period of uncertainty," said Win Thin, global markets strategy director at Brown Brothers Harriman & Co.  

"Allowing tariffs to continue increases stagflation risks, which is negative for both the dollar and equities."  

Meanwhile, Trump told Federal Reserve Chair Powell he believes the Fed chair is making a mistake by not cutting rates. Dallas Fed President Logan hinted that officials may need more time to adjust rates.  

【16:07】  

Marvell Technology fell more than 3% in premarket trading. The company's earnings report showed that the AI dividend drove a surge in performance, but structural imbalances in growth intensified.  

【15:33】  

European stocks opened mixed, with the Euro Stoxx 50 down 0.02%, Germany's DAX up slightly 0.1%, the UK's FTSE 100 up 0.24%, and France's CAC 40 down 0.07%.  

The 10-year U.S. Treasury yield remained at 4.41%.  

The U.S. Dollar Index rose 0.21% to 99.54.  

Spot gold fell 0.5% to $3,295.62 per ounce.  

**Updating...**  

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