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Final IHS Markit manufacturing PMI readings for May showed activity in the euro zone hitting a record high 63.1, up from 62.9 in April and exceeding an initial flash estimate of 62.8. In the U.K., factory activity rose to 65.6 in May from 60.9 in April, its sharpest increase since records began, as a windfall of new orders drove the country's industrial resurgence. The European Commission on Monday proposed that vaccinated tourists should be exempted from mandatory testing or quarantine measures when travelling between EU nations, urging a progressive easing of travel restrictions to accommod...

By Elliot Smith, CNBC • Updated 47 mins ago AFP | AFP | Getty Images Final IHS Markit manufacturing PMI (purchasing managers' index) readings for May are due out of the euro zone and the U.K. on Tuesday morning, along with flash euro zone inflation figures and unemployment rates. Italy confirms its final first-quarter GDP growth rate. Oil prices also surged overnight during Asian trading hours, with international benchmark Brent crude futures up 1.72% at $70.51 per barrel. U.S. crude futures advanced 2.43% to $67.93 per barrel. European markets moved higher on Tuesday after ...

European markets moved higher on Tuesday after closing out their fourth straight month of gains, with economic data expected from the euro zone.