In European Equity Markets the pan-European Stoxx 600 ended 0.74 percent higher in trade, with most major bourses and sectors in positive territory. Telecoms were the best performing stocks during Tuesday, with Vodafone being the top gainer following the release of its results. The firm posted a loss of 7.8 billion euros ($8.76 billion) in the first six months of the year, but shares rose after Chief Executive Nick Read promised to reduce operating costs by 1.2 billion euros by 2021 and to review tower assets in order to drive higher returns.

 

In Currency Markets sterling added to its gains on Tuesday, pushing past $1.30 and hitting a seven-month high versus the euro after Irish broadcaster RTE reported that EU and UK negotiators had agreed on a text that deal with the Irish border. The pound, already trading higher near $1.2950, added another half a cent to trade as high as $1.3010, up 1.2 percent on the day. The euro was down 0.29 percent at 87.05 pence after touching 86.82 pence earlier Tuesday, which was the lowest since April 26.

 

In Commodities Markets oil’s fall accelerated on Tuesday, with U.S. futures falling to lows not seen in 11 months due to ongoing worries about weakening global demand. Oil prices were hit on Monday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market. That came after reports that Saudi Arabia was considering a production cut at the December OPEC meeting. Brent fell $3.25 a barrel, or 4.5 percent, to a low of $66.94. U.S. light crude lost $2.85 a barrel, or 4.7 percent, to hit $57.09, the lowest level since December 2017.

 

In US Equity Markets stocks rose on Tuesday as technology stocks bounced back after a steep decline in the previous session and hopes of progress in the U.S.-China trade talks boosted industrials, even though a decline in Apple Inc. curbed gains. The S&P 500 was up 0.17 percent, at 2,730.98 and the Nasdaq Composite rose 0.21 percent, at 7,215.83. Advance Auto Parts Inc. rose 8.9 percent after the company raised full-year sales forecast and reported better-than-expected third-quarter results.

 

In Bond Markets U.S. Treasury yields fell to more than one-week lows on Tuesday, in tandem with steep losses on Wall Street the previous session amid worries about global trade and negotiations about Britain’s exit from the European Union. Benchmark U.S. 10-year, 30-year, and two-year yields fell to their lowest since Nov. 2. The Treasury market was closed on Monday for the Veterans Day holiday. Benchmark 10-year note yields fell to 3.159 percent from 3.189 percent late on Friday.

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