sentiment

Earnings from retailers Home Depot, Target and Walmart will meanwhile give an insight into consumer sentiment.

Tokyo shares fell three percent Tuesday as the diplomatic spat weighed on sentiment.

The index measures the sentiment of home builders, with readings less than 50 indicative of a dour outlook for the single-family housing market in the next six months.

And yet consumer sentiment is near a record low, according to the University of Michigan.

“Overall, this appears to be a confluence of short-term liquidity issues, sustained selling and eroded sentiment rather than a single catalyst,” said Kelly.