In European Equity Markets the pan-European Stoxx 600 ended the day flat, off from its session highs. The U.K.’s FTSE 100 rose 0.37 percent by the close. Germany’s DAX fell further, down 0.29 percent by the close. Ingenico jumped 5.85 percent, making it one of Tuesday’s biggest gainers, after Bloomberg reported that the company is on track to get a takeover bid from private equity firms. Inmarsat, however fell to the bottom of the STOXX 600, declining 12.5 percent after Eutelstat Communication denied it would make a bid for the firm.

In Currency Markets the US dollar rose slightly against a basket of currencies on Tuesday, snapping a four-day losing streak as traders worried about mounting global trade tensions unwound bets on high-yielding currencies like the Australian and Canadian dollars, whose economies are heavily trade dependent. The euro fell 0.43 percent at $1.1652. The greenback which fell 0.2 percent against the safe-haven Japanese yen on Monday, recouped losses to trade up 0.15 on Tuesday.

In Commodities Markets oil was mixed on Tuesday, pressured by reports of increased Saudi production and escalating trade conflicts, but receiving support from production losses in Canada and Libya. Brent crude lost 33 cents at $74.40 a barrel. U.S. light crude gained 20 cents at $68.28. Prices, which had been positive earlier in the session, fell following a report from Bloomberg, citing anonymous sources, that Saudi production would reach a record 10.8 million barrels per day in July.

In US Equity Markets stocks edged higher on Tuesday, with General Electric and technology stocks helping to recoup some losses from a day earlier on escalating global trade tensions. GE jumped about 7 percent in heavy trading, on track for its biggest one-day gain in over three years, after the company said it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, leaving it focused on jet engines, power plants and renewable energy. The S&P 500 was up 0.18 percent, at 2,722.00 and the Nasdaq Composite rose 0.19 percent, at 7,546.34.

In Bond Markets Southern European bond yields rose on Tuesday as Spain prepared to sell 7 billion euros of 10-year debt in a test case of the market’s ability to withstand political uncertainty in the European Union. Selling in euro zone government bond markets was concentrated in Italy, with 10-year yields up 7 basis points on the day at 2.92 percent. Spanish and Portuguese equivalents were up 4 bps each. German Bund yields were trading near Monday’s one-month lows of 0.304 percent.