Futures indicated a lackluster start on Wall Street.
According to reports, U.S. President Trump has made up his mind to impose "pretty significant" tariffs on Chinese goods, an administration said on Thursday, as Beijing warned that it was ready to respond if Washington chose to ratchet up trade tensions. Beijing vowed it would strike back quickly if its interests were hurt.
While it is not clear when Trump will activate the measures, rising Sino-U.S. trade tensions will put additional pressure on China's economy, which is starting to show signs of cooling under the weight of a multi-year crackdown on riskier lending.
"The main focal point is whether the euro will bottom out" against other major currencies following the European Central Bank decision, an official at a foreign exchange margin trading service firm said.
US, North Korea officials in final summit preparations
It is there, in a building designed by British architect Norman Foster, that Mr Trump and Mr Kim are due to meet, starting at 9am. Trump "is not going to permit any show of weakness on the trip to negotiate with North Korea, nor should he", Kudlow said.
"The big question is do we fall into tit for tat?" More evidence arrived that the US economy is improving, meanwhile, which helped send the S&P 500 to its fourth gain in the last five days.
In a rare merging of the sports and trading worlds, markets are gearing up for soccer's World Cup in Russian Federation, where time zone differences mean more matches during European, US and Latin American trading hours than any previous tournament.
Data published by the Office for National Statistics revealed retail activity was significantly more robust in May than initially expected, with sales growth sticking to 1.3 per cent against the 0.5 per cent forecast. Germany's DAX was down 0.3 percent to 12,846.
But in a balanced announcement reflecting the uncertainties hanging over the region's economy, it also signalled the move would not mean a rapid policy tightening by adding that interest rates would stay at record lows "at least through the summer of 2019 and in any case for as long as necessary".
The common currency shed 1.9 per cent to the dollar, its biggest daily decline since Britain voted to quit the European Union in 2016.
North America wins vote to host 2026 World Cup
Fifa President Gianni Infantino said on Wednesday he will run for re-election as head of soccer's global governing body. Petersburg, Kazan, Nizhny Novgorod, Saransk, Kaliningrad, Volgograd, Yekaterinburg, Samara, Sochi and Rostov-on-Don.
The euro's 5 percent fall against the dollar since April is also helping the European Central Bank as the weaker currency is increasing the cost of imports and boosting inflation.
Interest rates remained unchanged at the ECB's June meeting.
Top of the list are unpredictable spending policies from the new Italian government, which could pitch the bloc's third-largest economy into a financial crisis - although fears for the sustainability of Italy's debt mountain have calmed since Economy Minister Giovanni Tria ruled out an exit from the euro Sunday.
Oil prices fell as investors eyed a key OPEC meeting in Vienna.
The chances are that Saudi Arabia and Russian Federation will push for agreement to lift output ceilings to offset production shortfalls in Venezuela and Iran.
Leicester City Travel To Manchester United In 2018/19 Premier League Opener
Manchester United starts at home to Leicester and plays only one of last season's top six, Tottenham , in its first eight games. Guardiola will look to retain the Premier League title for the first time since Manchester United in 2008/09.
Brent crude was 1 per cent lower at $75.97 a barrel, while US West Texas Intermediate settled at $66.94, up 0.4 per cent on the session.