European stocks were mixed on Tuesday as investors weighed positive economic data against surging coronavirus cases across the world.
While the number of infections appeared to slow in several US hotspots on Monday (3 August), Australia’s second-largest city, Melbourne, announced fresh restrictions designed to curb a spike in cases.
Brazil and India continue to see a high caseload, while Spain, Belgium, and Luxembourg have also seen an uptick in infections.
Stocks had risen on Monday in the wake of broadly positive data from Europe’s manufacturing sector. New orders in the UK and Germany grew sharply in July, suggesting a continued rebound across the continent.
The mixed session in Europe followed a strong trading session in Asia.
Futures were pointing to a lower open for stocks in the US, where investors will be watching talks about fresh stimulus measures.
Democratic lawmakers hinted on Monday that they were closer to agreeing a deal with the White House. But they are still at loggerheads over an unemployment benefit extension.
Futures on the S&P 500 (ES=F), which on Monday closed within 3% of the record high it set in February, fell by around 0.3%. Dow Jones Industrial Average futures (YM=F) fell 0.1%. Nasdaq futures (NQ=F), meanwhile, were down by around 0.3%.