International News
Europe close: Stocks weaker on renewed interest rate fears
European shares were below the waterline at the close on Tuesday, after strong services data in the US suggested policymakers might need to remain aggressive with interest rates for longer than hoped.
US trade deficit widens in October
The US trade deficit widened in October to $78. 2bn from $74. 1bn in September, according to data released on Tuesday by the Commerce Department.
EC mulls sanctions on Russia mining industry - report
The European Commission is considering banning new investments in Russia’s mining sector, it was reported on Tuesday, as part of a fresh package of sanctions.
Hearing implants merger likely to hurt competition, CMA warns
A planned merger of two hearing implant specialists risks ramping up prices for the NHS and stifling innovation, the competition watchdog warned on Tuesday.
US pre-open: Futures slightly higher following heavy sell-off in previous session
Wall Street futures were little changed ahead of the bell on Tuesday after concerns that interest rates may rise even further still fuelled a sell-off in the previous session.
Eurozone construction PMI falls to 43.6 in November
S&P Global's Eurozone construction purchasing managers index fell to 43. 6 in November, down from 44. 9 in October for a seventh consecutive monthly contraction across the sector.
Asia report: Stocks mixed as Beijing eases Covid rules, RBA hikes rates
Stock markets were mixed in the Asia-Pacific region on Tuesday, as Beijing announced further easing of some Covid-19 restrictions, and after Australia’s central bank hiked interest rates as expected.
German factory orders rise more than expected in October
German factory orders rose more than expected in October, according to figures released on Tuesday by Destatis.