European stocks pared an early gain and Asian equities nudged lower as investors weighed the latest headwinds to technology companies and prepared for a series potentially market-moving events this week. The dollar rose with Treasury yields and the pound erased an advance.

Trading was mixed and muted in equities across both Europe and Asia following Monday’s selloff, which was sparked by a series of negative tech stories including Facebook Inc.’s data issues and a fatal accident involving an Uber Technologies Inc. self-driving car. U.S. stock futures drifted lower on Tuesday, with contracts for the Nasdaq 100 pointing to more tech declines. Metals were once again under pressure, but Bloomberg’s broader index of raw materials increased.

In the wake of the tech setbacks and with a Federal Reserve rate decision a day away, bullish sentiment appears in short supply. Compounding the reasons for caution were reports late Monday in Washington saying that the White House plans to impose tariffs worth as much as $60 billion on Chinese products as part of a battle over safeguarding intellectual property. It would be the latest phase of President Donald Trump’s protectionist agenda, and threatens to increase market fears of a trade war.

Elsewhere, sterling gave up most gains after data showed the U.K. inflation rate fell more than expected in February. West Texas Intermediate oil prices climbed. Russia’s ruble steadied after six days of losses.

Here are some key events on the schedule this week:

The Fed decision and Powell’s news conference come on Wednesday. The Trump administration could impose tariffs on China as soon as this week. The Bank of England is expected to keep interest rates and its asset-purchase program unchanged on Thursday. Attention will be on language and the odds for a May hike. Company earnings scheduled for this week include Tencent, FedEx, Porsche, Hermes, PetroChina and Nike.
And these are the main moves in markets:

Stocks
The Stoxx Europe 600 Index increased 0.1 percent as of 10:14 a.m. London time. Futures on the S&P 500 Index decreased 0.1 percent to the lowest in more than two weeks. The MSCI Asia Pacific Index fell 0.2 percent to the lowest in more than a week. The U.K.’s FTSE 100 Index gained 0.2 percent. The MSCI Emerging Market Index increased 0.3 percent.

Currencies

The Bloomberg Dollar Spot Index rose 0.2 percent. The euro sank 0.2 percent to $1.231. The British pound climbed less than 0.05 percent to $1.4026, the strongest in more than a month. The Japanese yen decreased 0.3 percent to 106.37 per dollar. South Africa’s rand declined 0.1 percent to 12.0273 per dollar, the weakest in almost six weeks. The MSCI Emerging Markets Currency Index rose less than 0.05 percent.

Bonds

The yield on 10-year Treasuries rose one basis point to 2.86 percent. Germany’s 10-year yield rose one basis point to 0.58 percent. Britain’s 10-year yield increased two basis points to 1.445 percent.

Commodities

West Texas Intermediate crude rose 0.7 percent to $62.51 a barrel, the highest in two weeks. Gold dipped 0.4 percent to $1,312.22 an ounce, the weakest in 11 weeks. The Bloomberg Commodity Index gained 0.1 percent. — Bloomberg

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