Asian stocks fell on Tuesday, retreating from record highs as lingering concerns about potential roadblocks to the Biden administration's $1.9 trillion stimulus weighed on sentiment, dragging U.S. Treasury yields to three-weeks lows. The lower risk appetite lent some support to the dollar against a basket of currencies, while oil prices edged down. EUROSTOXX 50 futures eased 0.1% while FTSE futures added 0.03%, indicating a mixed open for European stock markets.
U.S economic data, chatter from Capitol Hill, COVID-19 news, and Italian politics are in focus. Corporate earnings results will also draw influence.
Business sentiment in Germany deteriorates more than expected, weighing on the EUR. The DAX looked beyond the numbers, however.