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South Africa's rand firmed in early trade on Tuesday, while the dollar pared some of its losses incurred when data showed U.S. manufacturing activity fell last month.

The European Union’s new set of fiscal rules need to answer two simple questions: will they help the bloc’s economy grow? And will countries actually follow them?

A look at the day ahead in U.S. and global markets from Mike Dolan

Euro zone producer prices fell for a fifth consecutive month and by more than expected in February, almost entirely due to declining energy prices.

Canada's main stock index opened higher for its eighth consecutive session on Tuesday, boosted by energy and financials stocks, while IGM Financial rose on the purchase of a stake in Rockefeller Capital Management.

Sterling surged on Tuesday, breaking above $1.25 for the first time since June 2022, as traders turned bullish on a currency trading well below 2016 levels and the central bank's chief economist left the door open to more interest rate hikes.

South Africa's stocks jumped on Tuesday while the rand slipped after a decision by major oil producers to reduce supply on Sunday, which triggered concerns about a slowdown in global economic growth.

London's FTSE 100 ended lower on Tuesday, a day after hitting a three-week high, bogged down by a stronger pound and weakness in the shares of oil majors.

Investor bets shifted in favor of a pause in the Federal Reserve's interest rate hikes in May.

A key gauge of labor market tightness that Federal Reserve Chair Jerome Powell has cited throughout the central bank's aggressive interest-rate hike campaign dropped to its lowest level since late 2021, a sign that a long-awaited cooling is underway and easing concerns borrowing costs will have to move much higher to bring down inflation.