Asian shares slid on Tuesday amid worries about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government with no major surprises.

Asian shares slid on Tuesday amid concerns about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government. Investors are also cautious ahead of results from artificial intelligence darling Nvidia on Wednesday,

Bulgaria is set to request the European Union’s assessment on its readiness to join the euro area early next year, highlighting the government’s determination to move toward the single currency.

After reaching a multi-week high at the weekly opening, EUR/USD lost its traction and closed the day flat below 1.0500. The pair moves up and down in a very tight channel above 1.0450 as investors await key macroeconomic data releases.

The euro eased off highs from a brief rally on Monday as the focus shifted from the election victory of Germany's conservatives to how quickly a coalition government can be formed.Friedrich Merz was set to become Germany's next chancellor after his party emerged victorious in Sunday's election,

The anti-government protesters, chanting "Resignation" and "No to the Euro", threw red paint, firecrackers and Molotov cocktails at the EU building in Sofia, setting the front door on fire before the police pushed them away.

Spain will provide Ukraine with a new military aid package worth 1 billion euros ($1.05 billion) this year, Prime Minister Pedro Sanchez said on Monday in Kyiv during an international meeting held on the third anniversary of Russia's invasion.

Police in Bulgaria’s capital have clashed with nationalist protesters who demanded that the government scrap plans to bring the country into the eurozone.