European shares ended mixed at their close on Tuesday in anticipation of this week`s European Central Bank meeting, while the Dow Jones Industrial Average remained near record highs, buoyed by a surge in industrial sector shares.
Although the German, French, Italian and Spanish indexes all rose, the pan-European STOXX 600 <.stoxx> closed down 0.4 percent.
"The market is anticipating that the ECB highlights some kind of inclination towards lower for longer, and that`s supportive for equities," said Pierre Bose, head of European equity strategy at Credit Suisse. "If they were a bit more hawkish that could take a bit of the steam out of the rally we`ve seen."
The pan-European FTSEurofirst 300 index <.fteu3> lost 0.30 percent and MSCI`s gauge of stocks across the globe <.miwd00000pus> gained 0.04 percent.
Apple supplier and chipmaker AMS
Strong profits from Spain`s Caixabank
Earnings were top-of-mind in U.S. trading, raising the Dow Jones Industrial Average <.dji> 192.26 points, or 0.83 percent, to 23,466.22.
The world`s largest construction and mining equipment maker, Caterpillar Inc
Earnings have gotten off to a strong start, with 73 percent of 120 S&P companies beating profit expectations as of Tuesday.
The S&P 500 <.spx> gained 5.29 points, or 0.21 percent, to 2,570.27 and the Nasdaq Composite <.ixic> added 21.12 points, or 0.32 percent, to 6,607.95.
U.S. 10-year Treasury yields remained close to a more than five-month peak. Benchmark 10-year notes
The 30-year U.S. Treasury bond
Japan`s Nikkei <.n225> had extended its 16-day winning streak to a 21-year peak overnight following the weekend election win for Prime Minister Shinzo Abe.
The New Zealand dollar
The dollar index <.dxy> rose 0.05 percent as the wait continued for President Donald Trump to name the next head of the U.S. central bank after he said on Monday a decision was "very, very close." Hopes for the passage of a tax cut plan also buoyed the greenback.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)