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DAX Dips Ahead Of Key Inflation Data
German stocks fell in cautious trade on Tuesday as investors awaited the release of euro zone inflation data and comments from Federal Reserve Chair Jerome Powell for directional cues.
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Asian Shares Mixed As Supreme Court Grants Trump Immunity
Asian stocks ended mixed on Tuesday as investors pondered what the U.S. Supreme Court's immunity decision meant for former president Donald Trump.
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RBA Minutes: Board Discussed Raising Cash Rate In June
The board of the Reserve Bank of Australia discussed the case for raising the cash rate at its June meeting citing slower-than-expected inflation but finally judged that the case to leave the rate unchanged was the stronger one, the minutes of the meeting showed Tuesday. At the June meeting, the bank had retained its benchmark rate at a 12-year high of 4.35 percent for a fifth straight meeting.
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Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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European Shares Set To Drift Lower Before Powell's Speech
European stocks are seen opening on a tepid note Tuesday as a surge in oil prices on prospects for strength in summer demand revived worries about inflation and interest rates.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty Little Changed; Banks And Financials Drift Lower
Indian shares struggled for direction on Tuesday as a surge in oil prices to a two-month high revived concerns about inflation and interest rates.
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European Economic News Preview: Eurozone Flash Inflation Data Due
Flash inflation from the euro area is the only major report due on Tuesday, headlining a light day for the European economic news. At 3.00 am ET, unemployment data is due from Spain. The number of people out of work is forecast to decline 50,900 in June after decreasing 58,700 in May.
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Asian Markets Trading Mixed
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, as traders seemed reluctant to make significant moves ahead of key US employment data later in the week, which is expected to show a slowdown in the pace of job growth in June, could impact the outlook for interest rates. Asian markets closed mostly higher on Monday.
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Sensex, Nifty Seen Tad Lower At Open As Oil Prices Surge
Indian shares may open a tad lower on Tuesday as oil traded near a two-month high amid an escalation in tensions in the Middle East and concerns over the rapid start to the Atlantic hurricane season.
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Japanese Market Notably Higher
Adding to the gains in the previous two sessions, the Japanese stock market is notably higher on Tuesday, with the Nikkei 225 moving above the 39,800 level, following the broadly positive cues from global markets overnight, with gains in index heavyweights, exporters and financial stocks. The Yen also hit a fresh 38-year low against the US dollar.
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Thai Stock Market Due For Support On Tuesday
The Thai stock market has moved lower in three straight sessions, slipping more than 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,300-point plateau although it may stop the bleeding on Tuesday.
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