Japan’s benchmark Nikkei 225 index fell Tuesday following a U.S. national holiday, while most markets in Asia were closed for Lunar New Year holidays. U.S. futures declined and oil prices were mixed.

Japan’s benchmark Nikkei 225 index has fallen 1%, while most markets in Asia are closed for Lunar New Year holidays

Wall Street pointed toward more losses before the opening bell, kicking off a holiday-shortened week of trading that will bring more earnings reports and some highly-anticipated economic releases.

European stock markets and the dollar advanced Monday following a subdued showing for Asian equities ahead of the Lunar New Year holiday and after Japan reported lacklustre economic growth.