Global equity markets dipped as investors weighed trade tensions and key U.S. economic data. Trump extended a tariff truce with China for 90 days, avoiding a triple-digit rate increase. Stocks on Wall Street closed lower, with the Dow falling 0.45%, S&P 500 slipping 0.25%, and Nasdaq losing 0.30%.

In Europe, the STOXX 600 index eased 0.06%, while MSCI’s global stocks gauge fell 0.25% to 938.16. Analysts await U.S. consumer prices data, expecting an increase due to tariffs. Markets anticipate a 90% chance of a September rate cut by the Federal Reserve.

Yields on U.S. 10-year and 30-year bonds fell slightly. Trump criticized the Fed for not cutting rates and markets are watching for Powell’s successor. Dollar reaction to CPI data will impact Fed policy decisions. Gold prices fell, oil prices remained flat ahead of Trump-Putin meeting.

Read more at finance.yahoo.com: Stocks, US yields lose ground as markets brace for big week for trade, geopolitics