Update: The revised post reflects market movements as of 7.10am ET.

London (UKX) -0.79% to 8,567. 

Germany (DAX:IND) -1.28% to 22,251. 

France (CAC:IND) -0.61% to 7,828. France’s government budget deficit narrowed to €40.3B in February.

The pan-European Stoxx 600 (STOXX) edged 0.81% lower to 535.28, as investors await President Donald Trump’s latest round of tariffs, with reports suggesting that Trump may slap a universal 20% tariff on most imports, though a country-specific reciprocal approach remains the likely outcome.

Coming up in the session: A lighter day on the economic calendar.

In the bond market, the U.S. 10-year Treasury yield was down less than 1 basis point to 4.15%.

Germany's 10-year yield was down 2 basis points to 2.66%.

UK's 10-year yield was up less than 1 basis point to 4.63%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (NYSEARCA:EWG), (NYSE:GF), (NYSEARCA:EWI), (NYSEARCA:EWQ), (NASDAQ:FGM), (NASDAQ:DAX), (NYSEARCA:FLGR), (NYSEARCA:FXB), (NYSEARCA:EWU), (NASDAQ:FKU), (BATS:EWUS), (NYSEARCA:FLGB), (NYSEARCA:GREK).