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European Shares Decline On Growth Concerns
European stocks traded at one-week low on Tuesday as weak data from China and the euro area fueled concerns about slowing global growth.
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Australia Central Bank Holds Rate For Third Straight Session
Australia's central bank left its benchmark interest rate unchanged for the third straight meeting as inflation is expected to return to the target in a reasonable time. At the final board meeting of Philip Lowe as governor, the policy board decided to hold the cash rate target at 4.10 percent.
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FTSE 100 Little Changed As Growth Worries Return To Fore
U.K. stocks were little changed in cautious trade on Tuesday, as weak data from China and the euro zone revived investor concerns about slowing global growth.
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Euro Falls Against Most Majors
The euro weakened against its most major counterparts in the European session on Tuesday.
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CAC 40 Slides On China Demand Concerns
French stocks fell Tuesday on China demand concerns after data showed services activity in the country expanded at the slowest pace in eight months in August.
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DAX Drops On Growth, Inflation Concerns
German stocks edged lower on Tuesday as weak data from China and the euro area revived concerns about slowing growth.
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Asian Shares Fall On Weak China Data
Asian stocks fell on Tuesday as weak China services PMI data revived concerns about growth and spurred risk aversion.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Tuesday.
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NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the early European session on Tuesday.
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Australian Dollar Falls As RBA Keeps Rate Unchanged
The Australian dollar weakened against other major currencies in the late Asian session on Tuesday, after Australia's central bank left its benchmark interest rate unchanged for the third straight meeting held today, as widely expected.
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China Service Sector Growth Weakest In 8 Months
China's service sector grew at the slowest pace in eight months in August largely due to weaker new business, signaling a slowdown in economic growth in the third quarter.
The Caixin services Purchasing Managers' Index slipped more-than-expected to 51.8 in August from 54.1 in July. The expected score was 53.6. A reading above 50.0 indicates expansion in the sector.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the late Asian session on Tuesday.
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European Shares Set To Open Lower As China Optimism Fades
European stocks look set to open on a sluggish note Tuesday after markets in the U.S. were shut overnight for the Labour Day holiday.
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