European stocks pushed higher, led by miners, on Monday, while the broader market continued to welcome last week's boost in stimulus from the European Central Bank.

The Dow industrials logged a new closing high for 2016 on Monday, while the S&P 500 edged lower as losses in the materials and energy sector capped gains for consumer-discretionary shares.

Asian stocks languished near the day's lows on Tuesday, after the Bank of Japan held policy steady as expected and offered a bleaker view of the country's economy in the face of lingering anxiety over slowing global growth.

Based on MarketWatch materials