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CAC 40 Up More Than 1%
French stocks are mostly higher Tuesday morning, coming back strongly after recent losses even as investors await U.S. President Donald Trump's announcement of reciprocal tariffs. For now, investors' focus is on regional economic data.
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DAX Rises 1.4% As Investors Focus On Economic Data
Despite lingering uncertainty about tariffs, German stocks are up firmly in positive territory on Tuesday, rebounding after four successive days of declines.
Investors are digesting regional business activity data, euro area unemployment report, and the preliminary report on Eurozone inflation.
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European Shares Climb Ahead Of US Tariffs Deadline
European stocks rebounded on Tuesday ahead of U.S. President Donald Trump's reciprocal tariffs rollout.
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Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Tuesday.
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Asian Shares Climb Ahead Of New US Tariffs
Asian stocks ended mostly higher on Tuesday, after having suffered heavy losses in the previous session on worries about the impact of a trade war on global growth.
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Australia Keeps Key Rate Unchanged As Expected
The Reserve Bank of Australia left its benchmark rate unchanged, as widely expected, but cautioned about pronounced geopolitical uncertainties. The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.10 percent. In February, the bank had reduced the rate by 25 basis points, which was the first cut since 2020.
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Commodity Currencies Recover On Spiking Oil Prices
The commodity currencies such as the Australia, New Zealand and the Canadian dollars recovered from recent weakness against their major counterparts in the Asian session on Tuesday, as the oil prices surged due to supply concerns following U.S. President Donald Trump's threat of oil taxes against Russia.
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more news
UK House Prices Stall In March
UK house prices remained flat as the stamp duty holiday ended at the end of March, data from the Nationwide Building Society showed on Tuesday. House prices showed nil growth in March compared to February. This followed an increase of 0.4 percent in the previous month. On a yearly basis, house price growth remained unchanged at 3.9 percent in March.
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Canadian Dollar Recovers Against Most Majors
The Canadian dollar recovered from recent weakness against other major currencies in the Asian session on Tuesday.
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NZ Dollar Rebounds Against Most Majors
The New Zealand dollar recovered from recent weakness against other major currencies in the Asian session on Tuesday.
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European Economic News Preview: Eurozone Flash Inflation, Unemployment Due
Flash inflation, unemployment and final manufacturing Purchasing Managers' survey data from the euro area are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to rise 0.2 percent month-on-month in March, slower than the 0.4 percent rise in February.
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Australian Dollar Recovers Against Majors
The Australian dollar recovered from recent weakness against other major currencies in the Asian session on Tuesday.
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European Shares Poised For Steady Open
European stocks are likely to open on a positive note Tuesday despite lingering trade war concerns.
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