In European Equity Markets indexes closed mixed Tuesday as investors monitored key political and economic risks while oil prices hovered close to multi-year highs. The pan-European Stoxx 600 closed flat, with major bourses and sectors pointing in different directions. Europe’s oil and gas sector led the gains, climbing throughout the afternoon to close up nearly 1 percent. Financial services also performed well, closing up 0.9 percent. British firm Hargreaves Landsown topped the sector to close up almost 2.5 percent. According to Reuters, the company’s total assets grew 3.1 percent in the first quarter of this year on strong client demand.

In Currency Markets the U.S. dollar rallied against a basket of major currencies on Tuesday to its highest since December, helped by a rise in U.S. Treasury yields and as data showed U.S. retail sales increased moderately in April. The dollar index was up 0.8 percent at 93.332, after rising as high as 93.457. Against the yen, the dollar was up 0.57 percent at 110.27 yen, its strongest since early February. The Turkish lira fell to a fresh record low of against the dollar, bringing its losses this year to more than 13 percent after President Tayyip Erdogan said he plans to take greater control of the economy.

In Commodities Markets oil prices retreated below multi-year highs hit early in the day on Tuesday, supported by concerns that U.S. sanctions on Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East. Prices remained capped a stronger dollar and by concerns that China’s economic growth may be slowing after the major oil consumer reported weaker-than-expected monthly data.  Brent crude oil reached an intra-day peak of $79.47 a barrel, up $1.24 and its highest since November 2014, before retreating to $78.37, up 14 cents. U.S. light crude was 20 cents lower at $70.76 a barrel, also not far off its highest since November 2014.

In US Equity Markets indexes fell on Tuesday as investors worried about a lack of progress in U.S.-China trade talks and Treasury yields rose after U.S. retail sales data indicated rising inflation. The S&P 500 was down 0.75 percent, at 2,709.59 and the Nasdaq Composite lost 0.98 percent, at 7,338.66. Home Depot Inc slipped 1.7 percent in pre-market trading after the No.1 U.S. home improvement chain missed Wall Street forecasts for sales at established stores as an unusually long winter hit demand for typical spring products. Smaller rival Lowe’s was down 0.8 percent. Agilent Technologies dropped 9.1 percent after posting a disappointing quarterly forecast late on Monday.

In Bond Markets the yield on the U.S. 10-year Treasury note jumped on Tuesday to its highest level since July 2011 after data showed retail sales increased modestly in April. The benchmark government yield reached a high of 3.069 percent in early trade, breaking through the key psychological level of 3 percent it hit in late April for the first time in four years. The rise in April sales, as well as a revision higher of March data, pushed yields up enough to drive through the next significant support level of 3.051 percent. The two-year Treasury yield was last at 2.564 percent, up 1.7 basis points from late Monday. The 30-year bond yield was last at 3.180, up 5.2 basis points from late Monday.