In European Equity Markets indices closed lower Tuesday, amid escalating concerns about a slowing global economy. The pan-European Stoxx 600 closed down 0.64 percent, with most sectors and major bourses in negative territory. Britain’s Indivior jumped toward the top of the European benchmark on Tuesday. The drug-maker announced it would sell a cheaper version of its flagship opioid addiction treatment drug, while maintaining its full-year profit and revenue forecast. Shares of the London-listed stock rose more than 18 percent higher on the news.

In Currency Markets the U.S. dollar fell to a one-week low on Tuesday as investors unwound long bets on the currency, anticipating the Federal Reserve could slow the pace of U.S. interest rate hikes after this week’s policy making meeting. The greenback weakened for a second straight session. With the prospect of a “dovish rate hike” keeping the dollar in check, the euro on Tuesday rose 0.2 percent to $1.1368. It has recovered all of its losses from Monday when it was hit by weak euro zone data.

In Commodities Markets oil prices fell on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. U.S. crude oil dropped $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017. It recovered to around $49.28, down 60 cents. North Sea Brent lost $2.41, or 4.0 percent, to $57.20, a 14-month low. Brent last traded around $59.01, also 60 cents lower.

In US Equity Markets indices rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve’s path for future rate hikes. The S&P financial sector rose 1.36 percent with rate-sensitive banks gaining 1.79 percent. The S&P 500 was up 0.88 percent, at 2,568.44 and the Nasdaq Composite rose 0.89 percent, at 6,813.77. Oracle Corp rose 2.5 percent after the software maker forecast strong current-quarter profit on growth in its cloud business.

In Bond Markets U.S. Treasury prices gained on Tuesday before the Federal Reserve’s highly anticipated interest rate decision from its two-day meeting is announced on Wednesday. The U.S. central bank is expected to hike interest rates for the fourth time as U.S. growth continues to look solid. Benchmark 10-year notes gained 3/32 in price to yield 2.848 percent, after earlier falling to 2.821 percent, the lowest since Aug. 27. The yields have fallen from a seven-year high of 3.261 percent on Oct. 9.