The German market is notably lower on Tuesday, after Bank of Japan failed to expand stimulus measures and upgraded its view of the economy.
Bank of Japan refrained from announcing any new steps to contain bond market volatility. Policymakers decided to continue to target an expansion of monetary base at an annual pace of 60 to 70 trillion yen, as announced in April. Meanwhile, the central bank upgraded its view of the economy.
Governor Haruhiko Kuroda said at a press conference later that the policy board of the Central bank discussed the extension of fund-supplying operations from the current one year, but assessed that there is no immediate need at this stage.
Focus also turned to European Central Bank's Outright Monetary Transactions program, as the two-day hearing over the legalities of the program gets underway in the German Constitutional Court.
German daily Bild quoted ECB executive board member Joerg Asmussen as saying that if the bond-buying program had to be withdrawn, it would have significant consequences for the future of the euro.
In economic news from the region, U.K. industrial production registered a slight 0.1 percent increase in April from March, data published by the Office for National Statistics showed. April's increase follows a 0.7 percent rise in March and 0.9 percent growth in February. Economists had forecast nil growth for April.
The Euro Stoxx 50 index of eurozone bluechip stocks is declining 1.19 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is dropping 1.12 percent.
The DAX index is currently retreating 1.4 percent.
ThyssenKrupp is declining 3.8 percent and HeidelbergCement is falling 2.6 percent.
Insurer Allianz is falling 2.4 percent and personal care products maker Beiersdorf is losing 2.3 percent.
Citigroup raised Infineon to ''Buy'' from ''Neutral.'' The stock is rising 2.2 percent.
Gerry Weber is gaining close to 2 percent after Berenberg upgraded the stock to ''Buy'' from ''Hold.''
Elsewhere in Europe, the French CAC 40 is falling 1.6 percent and the UK's FTSE 100 is dropping 1.4 percent. Switzerland's SMI is declining 1.7 percent.
Across Asia/Pacific, markets ended mostly lower. Hong Kong's Hang Seng dropped 1.2 percent and Japan's Nikkei 225 fell 1.5 percent. Australia's All Ordinaries bucked the trend and rose 0.4 percent.
In the U.S., futures point to a lower open on Wall Street. In the previous session, stocks ended little changed, as investors took a breather following Friday's sharp rally. The Dow and the S&P 500 edged down marginally, while the tech-heavy Nasdaq added 0.1 percent.
In the commodity space, crude for July delivery is falling $0.32 to $95.45 per barrel and August gold is declining $16.8 to $1369.2 a troy ounce.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.