Most Asian equity markets struggled on Friday and European stocks looked set to open weaker, despite record highs for Wall Street overnight, as U.S. President Donald Trump's deadline for trade deals loomed next week.

Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline.

Equity-index futures fell and the dollar dipped after President Trump said his administration may start sending out letters imposing unilateral tariffs on trading partners as early as Friday. Ahead of his July 9 deadline for trade negotiations,