European stocks were slightly higher on Tuesday as investors closely monitored corporate earnings and shifting U.S. trade policy.
The pan-European Stoxx Europe 600 index traded 0.1% higher shortly after the opening bell, with most sectors in positive territory.
The U.K.’s FTSE 100 index rose 0.4%, putting the index on track to extend its winning streak. The benchmark set a new record for its longest ever run of daily gains on Friday. London markets were closed on Monday.
Elsewhere, Asia-Pacific markets mostly rose Tuesday as investors assessed trade developments between the U.S. and countries in the region, with focus also on Asian currencies that have been strengthening on the back of a declining dollar.
India has reportedly proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis and up to a certain amount of imports, while Malaysia said Monday that Washington had agreed for further talks and there could be a cut in tariffs.
On Wall Street, S&P 500 futures fell early Tuesday, as investors awaited the start of the Federal Reserve’s first policy meeting since U.S. President Donald Trump announced “reciprocal” tariffs in early April.
S&P 500 futures flickered under 0.2%. Futures tied to the Dow Jones Industrial Average were down just 26 points. Nasdaq-100 futures slipped 0.35%.
During Monday’s main session, the S&P 500 fell 0.6% to snap its nine-day rally — its longest winning streak since 2004. The tech-heavy Nasdaq Composite dropped 0.7%, while the Dow slipped 0.2%.
— CNBC’s Amala Balakrishner, Hakyung Kim contributed to this report