US stocks were mostly higher in early trade Tuesday, with the Dow and the S&P 500 extending seven days of gains, while the Nasdaq sank under pressure from tech heavyweight Apple.

Chevron Corp. Tuesday reaffirmed that it would meet its target for a large increase in oil and natural gas output in 2017.

US stocks opened lower Tuesday as investors took a pause after a series of gains took the Dow to a record close for five days in a row.

Spain's borrowing costs eased as it sold 5.832 billion euros in short-term debt on Tuesday, in a sign of further-strengthening market confidence in the crisis-hit country.

The Bundesbank said on Tuesday that its net profit for last year rose only slightly from a year earlier, owing to a steep increase in risk provisions.

Swiss banking giant UBS said Tuesday it would nominate German stock market chief Reto Francioni to its board after the former head of Lufthansa, Wolfgang Mayrhuber, had opted not to stand for re-election.

Data confirms recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth.

In Spain's boom years, they were a rich family's status symbol. Now abandoned as a result of the economic crisis, horses are plodding in their tens of thousands to the slaughterhouse.

US stocks brushed off an early move toward a correction and added to the bull run, with the Dow setting a fresh record for the fifth straight day.

Global oil prices were mixed Monday as supplies remained firm and industrial production in China showed signs of a slowdown, possibly signalling a weaker demand for energy, analysts said.

Shares in London strengthened at the close on Monday, gaining ground in tandem with a rally on Wall Street, where investors continued to draw confidence from last week's positive US jobs data.

European stock markets closed on Monday with mixed but mainly weaker results as disappointing Chinese economic data offset positive job numbers out of the United States, analysts said.

The United States on Monday slapped sanctions on North Korea's primary foreign exchange bank as it bids to force the isolated nation to abandon its nuclear program.

Europe's main stock markets closed after turning in mixed performances on Monday, with London's FTSE 100 index of leading companies gaining 0.31 percent to 6,503.63 points.

Economic problems in Cyprus "directly" affect struggling Greece and the traditional allies will coordinate policies ahead of a European eurozone summit later this week, Greek Prime Minister Antonis Samaras said on Monday.

Cyprus's recession-hit eurozone economy contracted by 3.4 percent in the fourth quarter of 2012 from a year earlier, an official estimate said Monday, revising an earlier flash figure of 3.1 percent.

Asian markets were mixed Monday after another record-breaking performance on Wall Street while Shanghai dipped as disappointing economic data fuelled concerns about China's economy.

Italy's economy shrank by 0.9 percent in the fourth quarter of 2012 from the previous one, official data showed Monday, confirming a previous estimate that showed the recession in the eurozone's third largest economy deepening.

Germany's trading activity got off to a strong start this year with both exports and imports rising in January, official data showed on Monday.

Computer networks at the Reserve Bank of Australia have been hacked, officials said Monday, with some reportedly infected by Chinese-developed malware searching for sensitive information.