Global Markets Await Mega Tech Earnings Amid Political and Economic Tensions

European shares saw modest gains as investors anticipate major tech earnings from Wall Street, while political and economic developments influence market trends. The dollar hovered near a three-month high, with varied performances in Asian markets and increased attention on the upcoming U.S. election results.

In anticipation of megacap tech earnings reports, European shares maintained modest gains on Tuesday. Meanwhile, the dollar reached near three-month highs ahead of key labor market data, as political uncertainties loom large on both sides of the globe.

Amid a closely contested U.S. election race, with some predictions favoring a Trump victory, market sentiment appeared resilient to potential risks. The STOXX 600 index ticked up 0.1%, while major indices like Germany's DAX, Britain's FTSE 100, and France's CAC 40 saw slight increases.

Asian markets experienced a mix of gains and setbacks, notably Japan's Nikkei, which rebounded strongly. The U.S. dollar showed strength against major currencies, as economic data suggested reduced chances for further Federal Reserve rate cuts, intensifying focus on Friday's non-farm payrolls data.

(With inputs from agencies.)