European stocks finished lower Monday, with the week starting on a downbeat note in the wake of a Group of 20 meeting that stoked tensions about global trade. Among decliners Monday was Deutsche Bank AG DBK, -3.80% DB, -3.42% . Shares fell 3.7% as the German lending heavyweight said it will issue 687.5 million new shares at €11.65 each, to raise €8 billion ($8.6 billion) as it moves to shore up capital. Deutsche Bank earlier this month said it would make such a move.
The main U.S. stock indexes closed marginally lower Monday for the third straight day of losses, as investors were reluctant to make big bets without major economic or corporate news. In early trade, the Nasdaq Composite set an intraday all-time high, but settled within a few points of its previous closing record set earlier this month.
Investor appetite returned Tuesday in the Asia-Pacific region, even as Japanese equities saw weakness because of a stronger yen. Japanese markets were closed for a holiday on Monday. Since Friday, the yen has gained more than 1% against the dollar while bond yields have fallen. Neither development will be welcomed by a host of Japanese companies, from financial firms to exporters.