SEOUL, Korea, Republic Of — Stock markets in Europe and Asia were subdued Tuesday as the afterglow from Wall Street's overnight rally faded.
KEEPING SCORE: Germany's DAX shed 0.4
WHERE THINGS STAND: Sentiment is jittery after it took just nine days for stocks to plunge 10
US INFLATION: A key question is whether the correction has already hit bottom, said Jingyi Pan, a market strategist at IG. "Nevertheless, the worst is likely not over for this week for the simple reason that we have U.S. CPI sitting as a mammoth event risk this week," said Pan, referring to the Wednesday release of U.S. consumer price index data for January. Concerns over inflation helped caused last week's market plunge, so the data will be watched closely.
ASIA'S DAY: Japan's Nikkei 225 lost 0.7
JAPAN OUTLOOK: Japan is due to release fourth quarter GDP data on Wednesday. The government looks likely to keep Bank of Japan Governor Haruhiko Kuroda on as central bank chief for another term. But the decision on the BOJ governorship comes at a time when concern is growing over the central bank's strategy for eventually winding down its massive monetary stimulus.
OIL: Benchmark U.S. crude fell 29 cents to $59.00 per barrel in electronic trading on the New York Mercantile Exchange. It gained 9 cents on Monday. Brent crude, used to price international oils, dropped 16 cents to $62.43 per barrel in London.
CURRENCIES: The dollar slipped to 107.55 yen from 108.66 yen. The euro rose to $1.2351 from $1.2289.
Youkyung Lee, The Associated Press