Global Stocks

European stocks largely closed flat to lower Monday after the prior week's sizable rally, limited by a downbeat reading on German industrial output and tumbles for Paddy Power Betfair PLC and PostNL NV. The Stoxx Europe 600 SXXP, -0.14% edged down by 0.1% to finish at 382.01. That's after the benchmark on Friday gained 1% for its biggest percentage rise in three weeks, with analysts pinning the jump on an encouraging U.S. jobs report. The gauge tacked on 1.1% last week.

U.S. stocks closed higher on Monday, with the S&P 500 ending at a record and the Dow extending its streak of such closing highs to nine. The day's gains were modest but broad-based. Eight of the 11 primary S&P 500 sectors ended higher on the day, with consumer staples and technology shares leading on the day. Tech was supported by a broad rally in semiconductor stocks.

Asian shares went flat on Tuesday as disappointing Chinese trade data clouded the otherwise upbeat outlook on global growth, leaving currencies and commodities becalmed in summer doldrums. MSCI's