In European Equity Markets the pan-European Stoxx 600 had ended higher on Tuesday by 0.13 percent, with sectors pointing in opposite directions. Germany’s biggest carrier Lufthansa led the losses in the Travel & leisure basket after the airline missed third-quarter profit estimates. Shares of the airline fell 7.88 percent on the news. BP stock rose towards the top of the European benchmark after the British oil giant reported profits more than doubled in the three months through to Sept 30. Shares of the London-listed stock ended higher by 2.02 percent.

In Currency Markets sterling fell against the dollar and euro on Tuesday as concern about Britain’s departure from the European Union led investors to largely ignore hopes of an end to austerity raised by Chancellor Philip Hammond. The pound has weakened 4 percent in October as traders fret over the lack of progress in divorce talks on issues including the Irish border, less than five months before Brexit. On Wednesday the pound fell 0.4 percent versus a broadly stronger dollar to $1.2729, its lowest since Aug. 17.

In Commodities Markets oil prices fell more than 1 percent in choppy trading on Tuesday on signs of rising supply and concern that global economic growth and fuel demand would be hit by a deepening of the U.S.-China trade dispute. Brent crude futures fell $1.34 to $76.00 a barrel, a 1.7 percent decline. U.S. West Texas Intermediate (WTI) crude futures fell 94 cents to $66.10 a barrel, a 1.4 percent decline. Earlier in the session, Brent reached a session low of $75.09 a barrel, while WTI fell to $65.33 a barrel.

In US Equity Markets stocks moved higher on Tuesday, led by a strong rebound in trade-sensitive chip-makers after Washington cut off a Chinese semiconductor maker from its U.S. suppliers. Micron rose 1.4 percent, and helped the Philadelphia Semiconductor Index jump 2.50 percent, rebounding after hitting its lowest in over a year on Monday. The broader technology sector was up 0.42 percent. The S&P 500 was up 0.75 percent, at 2,661.11 and the Nasdaq Composite was up 0.95 percent, at 7,117.17.

In Bond Markets yields on U.S. Treasury bonds rose modestly on Tuesday as equities recovered from Monday’s sell-off after President Donald Trump said he believed “a great deal” on trade can be struck with China, but warned new tariffs were ready if talks fail. The yield on the benchmark 10-year government bond was up just over 2 basis points. Treasury yields have fallen in October as companies have reported that tariffs, rising borrowing costs and a slowdown in China hurt earnings in the third quarter and are expected to do the same in the fourth.