US stocks snapped a five-day winning streak on Tuesday, pulling back from record levels as the post-election rally ran out of steam with bond yields at a four-month high.
European stocks fell sharply on Tuesday to a three-month low as a gloomy German sentiment survey and ongoing concerns about US tariff concerns triggered a sell-off.
The Organization of Petroleum Exporting Countries has lowered its outlook for oil demand this year for the fourth straight month after pushing back a scheduled production increase as prices slumped.