With the deadline for tariffs now moved to August 1, investors are pinning their hopes on negotiations to stave off an all-out trade war. "Market volatility is likely to pick up, but the latest development does not constitute an escalation in the trade war," UBS analysts said.

U.S. stock index futures slipped Sunday evening as uncertainty over President Donald Trumps upcoming tariff decisions and cooling expectations for interest rate cuts weighed on market sentiment. Trump signaled plans to

Wall Street futures are largely unchanged Wednesday and with little corporate news or earnings reports during the holiday-shortened week. There may also be a pullback ahead of critical U.S. employment data that arrives Thursday, and a looming U.S. tariff deadline next week.