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Stocks Stagnate As Corporate Earnings In Focus

US futures and European stocks remained fairly muted on Tuesday as investors shifted their focus to the latest round of corporate earnings due this week, with Netflix, Tesla, and Intel Corp all expected to report their earnings. This data is expected to provide a clearer picture of the global economic outlook as well as the potential direction that the Federal Reserve and other central banks may proceed in their monetary policy decisions.

Futures on the S&P 500 and Dow Jones Industrial Average remained relatively unchanged on Tuesday morning, while those listed on the Nasdaq 100 edged just 0.1% lower. In Europe, the Stoxx 600 remained stagnant, while the MSCI Asia Pacific Index rose 0.5%.

In currencies, the Bloomberg Spot Dollar Index slipped 0.2% lower, with the euro rising against the greenback by 0.2% to $1.0903. The British pound also rose by 0.2%, to $1.2734, while the Japanese yen rose 0.5% to 147.43 per dollar.

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