India, July 23 -- European stocks look set to open on a buoyant note Wednesday after U.S. President Donald Trump announced trade deals with Japan & Philippines, sparking hopes for broader progress on international trade.

The U.S. trade deal with Japan includes a 15 percent American tariff on Japanese imports and a $550 billion investment plan.

Japanese Prime Minister Shigeru Ishiba said that he needed to examine the details of the negotiations and the agreement.

The Philippines will pay a 19 percent tariff under a new trade deal and agreed to work together Militarily, Trump said in a Truth Social post as EU, India talks lag.

China has warned that any U.S.-Philippine cooperation should not 'target or harm" third parties.

An EU-China sum...