Shares have logged modest gains in most world markets as the initial euphoria over the 90-day truce in the trade war between the United States and China fades

Wall Street is on track to open with losses Tuesday as the initial euphoria over the 90-day truce in the U.S.-China trade war faded and markets turned their attention to corporate earnings and new inflation data.

Excitement over the surprise trade-war truce between the US and China has quickly turned to caution, as the reality of a more subdued business environment than in the past returned to view. Stocks in Hong Kong slumped as much as 1.