Global markets mixed on trade uncertainty

Investors are cautious due to uncertainty surrounding the trade war between the U.S. and China.

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U.S. equity futures are pointing to a higher open adding less than 0.1 percent to the rally to start the week.

Stocks got a boost early Monday after President Trump said his negotiators had received encouraging calls from China on Sunday, though China's foreign ministry denied knowledge of any such calls.

TickerSecurityLastChangeChange %
I:DJIDOW JONES AVERAGES27025.88+23.90+0.09%
SP500S&P 5002997.95+8.26+0.28%
I:COMPNASDAQ COMPOSITE INDEX8156.852634+32.67+0.40%

European markets traded lower on Tuesday after a report from Germany showed GDP contracted in the second quarter.

Germany GDP came in down 0.1 percent, which matched expectations.

London's FTSE returned to trading following Monday's holiday and moved 0.5 percent lower.

Asian shares traded mostly higher on Tuesday, following a rally on Wall Street.

Japan's benchmark Nikkei ended the day up 0.96 percent, Hong Kong's Hang Seng finished the session down 0.1 percent and China's Shanghai Composite closed with a gain of 1.4 percent as a report showed China's industrial firms returned to profit in July..

The major U.S. indexes are each on track for losses of 3 percent or more in August, in what has been a volatile month for the market as investors try to gauge whether trade conflicts and slowing economies around the world will drag the U.S. into a recession.

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Global markets appeared headed for another wave of selling early Monday, when indexes in Asia closed lower, until Trump said his trade negotiators had received two "very good calls" from China.

The Associated Press contributed to this article.