U.S. equity and bond markets remained closed for Presidents Day, creating a muted trading environment. Futures tied to equities edged higher in Europe as investors positioned for the shortened week ahead. The holiday closure affected major trading venues across the country.

The Lunar New Year also kept trading floors in China and South Korea shuttered, adding to the global market lull. With key Asian markets offline, liquidity remained thin in several major asset classes. European markets saw limited activity as traders awaited the U.S. reopening.

Despite the closures, futures markets provided a glimpse of sentiment heading into Tuesday's session. The mixed trading environment reflected both holiday-thinned volumes and positioning for the week ahead. Market participants will likely refocus on economic data and corporate earnings once full trading resumes.