The euro fell against the U.S. dollar amid European pushback over the pact. The Nasdaq Composite and S&P 500 inched up to fresh records.

Indian shares were muted in early trades on Tuesday, with benchmark indexes near six-week lows, as concerns over a delay in signing a trade deal with the United States and sustained foreign outflows hurt demand.

The U.S. and Europe have a new trade deal that includes 15% import tariffs on many European goods, including cars. That is good news for the European auto industry, but investors didn’t react happily in Monday trading.