A look at the day ahead in European and global markets from Kevin Buckland
The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S. exceptionalism narrative may be fading.
The dollar index staggered to a new two-month low in Asian hours, taking its decline since Wednesday to more than 1%, following a flurry of weaker U.S. economic readings, most recently a factory slowdown and surprise contraction in... (continue reading...)
JAKARTA (Reuters) - Indonesia's Mount Ibu volcano erupted on Tuesday, spewing thick columns of grey ash five km (three miles) into the sky, the volcanology agency said, but there were no immediate reports of evacuations.
The volcano on the eastern island of Halmahera erupted at 5:36 a.m. for about two minutes, said Heruningtyas Desi Purnamasari, an official of the PVMB agency, with all activities barred within seven kilometres (4.4 miles) of the... (continue reading...)
DUBAI (Reuters) - Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25 months, a survey showed on Tuesday.
The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers' Index fell to 56.4 in May, from 57.0 the previous month, and was the second lowest reading in 22 months. A reading above 50 marks growth in activity.
The output sub index slipped to 60.1, its lowest level... (continue reading...)
By Bharath Rajeswaran and Ankur Banerjee
MUMBAI/SINGAPORE (Reuters) -Indian financial markets sold off sharply on Tuesday morning, as early vote counting trends suggested Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls over the weekend.
"The numbers for NDA are subdued and below expectations. So we are witnessing profit booking as investors are... (continue reading...)
HSINCHU, Taiwan (Reuters) - Taiwanese contract chipmaker TSMC has held talks with its customers about whether to move its fabs off the island amid increased tensions with China, although such a move would be impossible, a senior executive said on Tuesday.
Speaking to reporters after the company's annual shareholder meeting in Hsinchu, where TSMC is headquartered, Chairman C.C. Wei said that given 80-90% of its production capacity is in Taiwan, it would... (continue reading...)
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