With US markets closed on Monday, trading is expected to be livelier on Tuesday
The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the eurozone economy and data showed eurozone business growth slowed sharply in June.
Survey data showed business growth across the eurozone slowed further in June and forward-looking indicators suggested the region could slip into decline this quarter as the cost of living crisis keeps consumers wary.Elsewhere, stock markets gave up early gains on Tuesday as the latest surge in natural gas prices rattled sentiment, offsetting earlier optimism about signs of easing US-China trade tensions.
But as European trading picked up, the Euro Stoxx reversed course and was last down 0.43% while Germany's DAX fell 0.6%. The FTSE 100 dropped 1.05%.Tuesday offers little in the way of key economic data but later this week both the US Federal Reserve and European Central Bank release their minutes from recent policy meetings and on Friday widely watched US payrolls data is published.
Those concerns were front and centre in South Korea, where June inflation accelerated to its fastest since the Asian financial crisis, fanning expectations the central bank could deliver a 50 basis-point rake rise for the first time next week to cool prices.
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