e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that net income attributable to ordinary shareholders for the fourth quarter plunged to 3.27 billion Chinese yuan or $453 million from last year's 23.52 billion yuan. Earnings per ADS were 1.30 yuan or $0.18, compared to 9.00 yuan a year ago.

The British pound weakened against other major currencies in the European session on Tuesday, after data showed that the average earnings in the U.K. grew better than expected in March and the jobless rate rose slightly, while the fall in employment was less than expected and vacancies continued to decline, giving more evidence of a cooling labor market to Bank of England that is preparing to lower interest rates soon.

Indian shares rose on Tuesday after data showed India's retail inflation eased marginally to an 11-month low of 4.83 percent on an annual basis in April from 4.85 percent in the previous month.

The British pound weakened against other major currencies in the European session on Tuesday.

European stocks traded mixed on Tuesday as investors exercised caution ahead of the release of U.S. inflation data that might influence the outlook for rates.

Dollar recovers somewhat while US stocks’ rally stalls; PPI and Fed Chairman Powell could wake up the market later today; Mixed UK labour data complicate the BoE’s outlook

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Ethereum knocking at support’s door

Today marks a significant day for both Germany and the USA, as they are set to unveil crucial economic data. Germany will release the Consumer Price Index (CPI), while the USA will disclose the Producer Price Index (PPI). These releases are vital indicators of each country's inflationary trends.

In the most recent trading session, asset classes remained largely unchanged as markets awaited key U.S. inflation data. The Producer Price Index (PPI) is set for release today, followed by the Consumer Price Index (CPI) tomorrow.

Gold fell by 1%, while the euro and pound rose slightly. Bitcoin surged 2.5%. The S&P 500 remained steady. Jeffrey Morphe sued Bitfarms for $27 million. Anglo American rejected BHP's $42.6 billion offer. Key economic events today include employment data from the UK and Japan, US business optimism, and Germany's consumer prices.