In European Equity Markets the pan-European Stoxx 600 closed up 0.97 percent with almost every sector in the black. Basic resources led the gains on Tuesday, rallying 4.98 percent, with the sector on track for its best day since President Donald Trump’s election victory in November 2016. Meanwhile, autos stocks climbed 2.74 percent. PSA Peugeot saw its shares touching its highest level since around the summer of 2008, after reporting its latest results. The company announced an increase in profit that beat expectations. The stock was up 13.8 percent.

In Currency Markets the euro held on to modest gains on Tuesday after surveys showed euro-zone business growth remained robust yet below forecasts, and fears of a trade war with the United States kept the single currency trapped in narrow ranges. The euro was trading 0.14 percent higher at $1.1706 after hitting an intraday low of $1.1652 in early London trading. In Turkey, a surprise decision from the central bank to leave interest rates unchanged sent the lira 2.7 percent lower to 4.866 lira per dollar.

In Commodities Markets oil prices rose on Tuesday as the market shifted focus to the possibility of increased Chinese demand, drawing attention away from trade tensions between that country and the United States after a series of tariffs imposed by both countries. Brent crude was up 57 cents at $73.63 a barrel. U.S. West Texas Intermediate (WTI) was up 86 cents at $68.75. U.S. industry group the American Petroleum Institute will release its inventories data for last week at 4:30 p.m. EDT on Tuesday. Official U.S. Energy Department data will follow on Wednesday.

In US Equity Markets indexes climbed on Tuesday and the Nasdaq hit a new record high as Google-parent Alphabet’s strong quarterly results reaffirmed expectations of a robust earnings season and sparked a rally among technology shares. The S&P 500 was up 0.68 percent, at 2,825.94 and the Nasdaq Composite was up 0.95 percent, at 7,916.71. Eight of the 11 main S&P 500 sectors were higher. But not all reports were upbeat. Whirlpool fell 12.1 percent after reporting weak quarterly results and cutting full-year forecasts.

In Bond Markets benchmark 10-year notes were unchanged on the day to yield 2.965 percent, after earlier rising to 2.971 percent, the highest since June 14. The Treasury Department will auction new two-year notes on Tuesday, the first sale of $101 billion in coupon-bearing supply this week. The U.S. will also sell $36 billion in five-year notes on Wednesday and $30 billion in seven-year notes on Thursday.