Global Markets Mixed Ahead of U.S. Consumer Confidence Data

By Dow Jones Newswires StaffGlobal markets were mixed early Tuesday as expectations that tariffs to be imposed by President Trump on April 2 will be more targeted than feared offset the administration's plans to impose a 25% tariff on goods from any country that buys oil or gas from Venezuela.U.S. stocks rose Monday along with Treasury yields, helped also by stronger-than-expected U.S. services data. Still, U.S. consumer confidence data later Tuesday could disappoint.U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.1% after Monday's gains. European stock markets started the day modestly higher with London's FTSE 100, Germany's DAX and France's CAC up 0.46%, 0.5% and 0.7% respectively. But while some easing concerns about tariffs helped buoy some equities markets in Asia, Hong Kong's Hang Seng Index fell 2.3% and China's Shanghai Composite Index ended flat. Japan's Nikkei 225 index climbed 0.5%.The dollar rose early in Europe, supported by investors buying the currency to rebalance their portfolios before month-end and quarter-end. The DXY dollar index against a basket of major currencies rose 0.1% to 104.347, having reached a near three-week high of 104.444 Monday.Sterling fell 0.1% to $1.2910 and could be softer by the end of the week if U.K. Treasury chief Rachel Reeves announces spending cuts in Wednesday's spring statement. The euro fell to a near three-week low against a stronger dollar and after Monday's weak eurozone purchasing managers' surveys.U.S. Treasurys stabilized after the previous day's selloff and ahead of significant bond issuance starting Tuesday. The 10-year Treasury yield, which rose eight basis points on Monday, was stable at 4.329%.In commodities, gold futures were up 0.3% at $3,025.20 a troy ounce, holding steady after a small selloff Monday. Crude oil benchmarks Brent and WTI were up around 0.5%.Bitcoin was down 1.9% at $86,670.63Write to Barcelona Editors at [email protected]