Nerves over Greece's future in the euro and the conflict in Ukraine dragged on European markets on Tuesday, while bets on the likelihood of a US interest rate hike nudged the dollar higher and oil prices held steady after a rebound.
European stocks fell 0.3 percent and the euro slipped towards $1.13 ahead of what is set to be a tense, Greece-dominated meeting of euro zone finance ministers on Wednesday.
The global disinflation/deflation story was also back on investors' radar as Chinese inflation fell below 1 percent to its lowest in five months, drawing talk of further easing from China's central bank, the PBOC.
That had sent shares in Shanghai up more than 1 percent, though other Asian stocks eased on more generalized risk aversion.
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