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Market News

European Markets

Opening calls are indicating a flat open.

Asian Markets

Asian stocks fell, erasing an early rally, after companies cut profit forecasts and data showed weakening economic growth across the region.

US Markets

U.S. stocks traded in a narrow range Tuesday, after worse-than-expected U.S. housing and manufacturing data tempered the modest enthusiasm over Europe’ progress on a new fiscal pact.

The Dow Jones industrial average slid 21 points, or 0.2%.The S&P 500 shed 0.6 points, or 0.1%. The Nasdaq added 2 points, or or 0.1%.

Events Today

German Chancellor Angela Merkel arrives in Beijing on Wednesday, kicking off a three day visit to China.

Manufacturing data from the UK will be released at 9:30am on Wednesday, followed by a flash estimate of euro area inflation at 10:00 UK time.