Indian Markets likely to open flat. Delivering a severe blow to the BJP in the Hindi heartland months ahead of the 2019 Lok Sabha elections, the Congress dislodged the saffron party out of power in Chhattisgarh and Rajasthan and was just two seats short of majority in Madhya Pradesh.
Disruptions to Libyan oil exports after local militia seized the country’s biggest oilfield, El Sharara, were also buoying prices, traders said.
“Under all likelihood, the 2019 public deficit will print above the 3.0 percent benchmark,” Societe Generale economist Michel Martinez wrote in a research note.
UK shares sought to join a global equity recovery on Tuesday as the pound stabilised above 20-month lows, although banks and other domestically exposed stocks fell further as uncertainty grew over Britain’s exit from the European Union.
Chinese shares rose on Tuesday after Beijing confirmed it was still in trade talks with Washington, but investor confidence remained fragile in Asia after Britain’s prime minister postponed a Brexit vote, sending the pound to near 20-month lows.
Dell Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware (DVMT.N), paving the way for it to return to the market.
WM Morrisons (MRW.L) shares jumped on Tuesday as traders cited market rumours that the UK supermarket chain could be subject to a takeover approach by U.S. online retail giant Amazon.com Inc (AMZN.O).
U.S. stocks jumped at the open on Tuesday in broad-based gains led by industrial and technology stocks amid signs of progress in trade talks between the United States and China.
U.S. stock futures rose about 1 percent on Tuesday, as signs of progress in trade talks between the United States and China eased jitters over the fragile relations between the two economic giants that have roiled the markets for months.