Germany's unemployment increased more than expected in May as the economic recovery was not sufficient to bring a marked improvement in the labor market. The increase in the number of people out of work more than doubled to 25,000 in May, data from the Federal Labor Agency showed Tuesday. This follows an increase of 11,000 in the previous month, which was revised up from 10,000.

AbbVie, Inc. (ABBV) announced Tuesday that a new weight-based oral solution RINVOQ LQ (upadacitinib) is now available as an option for pediatric patients two years of age and older with active polyarticular juvenile idiopathic arthritis (pJIA) as well as psoriatic arthritis (PsA), provided they have had an inadequate response or intolerance to one or more tumor necrosis factor (TNF) blockers.

Canadian shares look headed for a weak start Tuesday morning, tracking falling commodity prices and weak European markets. The mood is likely to remain cautious with investors awaiting policy meetings of the Bank of Canada and the European Central Bank, and U.S. jobs data, later this week.

Broadridge Financial Solutions, Inc. (BR) announced Tuesday that Chief Financial Officer Edmund Reese will be stepping down from his role, effective June 30, 2024, to become Chief Financial Officer of global professional services firm Aon. Reese has served as Broadridge's CFO since 2020.

Home fragrance company Bath & Body Works, Inc. (BBWI) reported Tuesday that net income for the first quarter grew to $87 million or $0.38 per share from $81 million or $0.35 per share in the prior-year quarter.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Oil is probably setting up for a repeat of 2020 or 2014

The dollar hit a low against the euro and sterling on Tuesday as softening US economy signals raised chances of earlier Fed rate cuts.

Copper is testing the $10,500 mark, after buyers took a breather from last week’s rally that breached all-time highs of $11,000.

Monday's weaker ISM survey pushes the dollar lower. Euro/dollar rallies to a 3-month high ahead of the ECB. The BoC could announce a rate cut tomorrow; loonie may suffer. Oil tanks as bearish factors multiply

The USD/JPY pair unexpectedly declined last night due to a weakening US dollar. Currently, it is hovering around 156.33.