Euro zone equities sank to two-month lows on Wednesday, with investors locking in profits on a half-year rally.
Asian shares gained on Wednesday as solid euro zone data helped sentiment, while the prospect of a dovish new governor for the Bank of Japan sent the country's stocks surging.
Investors should brace for a pullback in equity markets and should book profits now, Stewart Richardson, chief investment officer at RMG Wealth Management said on Tuesday.
U.S. stock index futures climbed Tuesday, a day after major averages logged their worst one-day performance in nearly three months, tracking gains in European shares and ahead of a key services sector report.
European shares rose on Tuesday as signs of economic recovery in the euro zone helped soothe investors' worries a day after the return of political risks in Spain and Italy sparked a selloff in stocks.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.