All three major indexes ended down more than 2 percent the day before the Christmas holiday.
Spreadbetters pointed to a subdued start for European shares with FTSE futures off 0.2 percent. E-Minis for the S&P500 were a shade softer too.
European shares are expected to fall, with financial spread-betters see Britain’s FTSE, France’s CAC, Germany’s DAX opening 0.4 percent lower.
Spreadbetters pointed to a dour mood elsewhere, with London’s FTSE futures FFIc1 off 0.7 percent and E-Minis for the S&P 500 down 0.3 percent.
European markets looked set to open higher after U.S. President Donald Trump and European Commission President Jean-Claude Juncker had agreed to work to lower industrial tariffs on both sides.
The Dow Jones Transport Average .DJT jumped 2.3 percent, its biggest daily advance in three months.
Washington proposed the extra tariffs after efforts to negotiate a solution to the dispute failed to reach an agreement, senior administration officials said on Tuesday.
Spreadbetters expected European stocks to open little changed, with Britain’s FTSE flat, Germany’s DAX 0.02 percent lower and France’s CAC down 0.1 percent.
European shares are expected to follow suit, with spread-betters expecting a fall of 0.2 percent in Germany’s DAX and 0.1 percent in Britain’s FTSE and France’s CAC.
E-Mini futures for the S&P 500 ESc1 followed with a loss of 0.5 percent and European bourses were seen opening down.
MSCI ACWI, the benchmark compiler’s broadest gauge of world stocks covering 47 markets, fell 0.17 percent to its lowest level since early April.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost another 0.6 percent after touching a two-year trough on Tuesday.
GE fell 1 percent in extended trade following the announcement, while Walgreens jumped 3 percent.
S&P 500 futures ESc1 turned higher, rising 0.3 percent and pointing to possible gains on Wall Street after major U.S. indexes closed lower Tuesday.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 1.0 percent, with shares in South Korea .KS11 and Taiwan .TWII falling over one percent.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.7 percent. Japan's Nikkei .N225 rose 0.4 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.0 percent to a high last seen on May 17, while Japan’s Nikkei rose 1.3 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.6 percent after slumping on Wednesday to its weakest since early April.
MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1.4 percent, while Japan’s Nikkei average sold off 1.5 percent to a six-week low.
The S&P 500 .SPX has recovered some after swooning more than 10 percent in February from its Jan. 26 record high.