In European Equity Markets indices closed mixed on Tuesday as most bourses were closed for the Labor Day public holiday. The U.K.’s FTSE 100 closed 0.15 percent higher, with other prominent benchmarks shut for the day. Just Eat was among the top performers, up by 4 percent. The company reported a 24 percent increase in U.K. orders in the first quarter of the year and a jump in revenues of 49 percent. BP shares rose 1.8 percent. The company said that profits jumped 71 percent amid the rally in oil prices. In terms of data, U.K. manufacturing PMIs came in below expectations at 53.9, against an expected 54.8.

In Currency Markets the U.S. dollar surged into positive territory for 2018 on Tuesday and broke past key levels against several currencies as a divergence between growth and the interest rate outlook versus other countries spurred investors to chase the currency higher. The dollar, traded against a basket of major currencies, rose 0.45 percent to 92.250 , the highest since Jan. 11 and higher than where it started the year. The euro, which has been under pressure by weaker-than-expected economic data and growing doubts about when the European Central Bank will normalize its monetary policy, fell 0.45 percent against the greenback to $1.2023 .

In Commodities Markets oil prices fell on Tuesday as the dollar remained near a four-month high, but worries that U.S. President Donald Trump will pull out of the Iran nuclear deal underpinned the market. Brent crude for July delivery was trading 97 cents lower at $73.72. The June contract expired on Monday, settling up 53 cents at $75.17. U.S. West Texas Intermediate crude for June delivery CLc1 was 95 cents down at $67.62 a barrel, after settling 47 cents higher on Monday. Oil prices rose on Monday as Israeli Prime Minister Benjamin Netanyahu presented what he called evidence of a secret Iranian nuclear weapons program. Tehran has denied ever seeking nuclear weapons.

In US Equity Markets stocks fell on Tuesday, dragged down by Pfizer results, tumbling oil prices and growing fears that tariffs and inflation would weigh on corporate profits. The S&P 500 was down 0.48 percent, at 2,635.39 and the Nasdaq Composite declined 0.10 percent, at 7,059.31. Seven of the 11 major S&P sectors were lower, with a 1.2 percent fall in the industrial sector the biggest. Pfizer fell 4.7 percent, the most on the Dow, after posting its biggest miss on quarterly revenue in a year, on disappointing sales of some blockbuster drugs. The technology sector was up 0.32 percent. Apple was up about 1 percent ahead of its quarterly report after the bell.

In Bond Markets the gap between U.S. and German 10-year benchmark bond yields was a shade off its widest level in nearly three decades on Tuesday as the economic and monetary policy outlooks of the United States and euro zone start to take different paths. In thin trading on Tuesday with much of Europe on May Day holiday, U.S. 10-year Treasury yields rose above 2.977 percent, extending the gap over their German counterpart. Most euro zone bonds were roughly unchanged on the day, Italian yields rose a touch, having jumped 3-5 basis points across the curve on Monday on political jitters.