President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
European stocks posted slight gains by the close on Tuesday as political concerns eased and investors digested new data releases.
The pan-European Stoxx 600 fluctuated throughout trade, before closing up 0.15 percent; as most sectors reversed losses to trade up in later trade.
Looking to peripheral bourses, the Spanish IBEX was one of the few indexes to see continued pressure throughout trade, closing just 0.02 percent up at the close, as political uncertainty in Catalonia lingered.
Concerns eased slightly after the government in Madrid said that it wants to work with other parties to resolve the issue of Catalan independence. However, the region, which accounts for about 19 percent of Spain's growth, is a massive political challenge for the country, Fitch said.
In the U.K., disappointing data had weighed on stocks in early trade, however a rise in London-listed basic resources and retail stocks allowed the FTSE to recover. The purchasing managers' index for the construction sector dropped to 48.1 from 51.1 the previous month, the first decline in activity in more than a year.
Meanwhile, minutes from the Bank of England's last financial policy committee meeting revealed concerns over Brexit. The decision to leave the European Union increases risks for British companies borrowing from European banks, they showed.
Looking across the European benchmark, British firm Ferguson closed up 4 percent. This comes after it announced a £500 million ($663 million) share buyback due to higher profits.
Meanwhile, shares of Electrocomponents jumped 5.4 percent, after it issued a trading update on Tuesday, which stated that the company's "good start" in the first quarter, had "continued into Q2".
Siemens Gamesa rose 5.18 percent after it landed a new contract for the supply of 13 turbines in China.
Multinational advertising and PR firm WPP however fell some 2 percent. This comes after Morgan Stanley sold 22.5 million shares in an accelerated bookbuild offering, according to Reuters.
In sector news, retail rose almost 1 percent as a whole, with French and British retailers in particular posting strong gains, including Casino Guichard, Carrefour and Sainsbury's. This comes after a report by newspaper Le Monde — which cited its own sources — stated that Amazon had approached a number of French supermarket operators.
Looking to commodities, oil and basic resources each posted solid sector gains Tuesday, with oil firm Tullow Oil jumping 3.8 percent and metal prices posting gains. Despite a rise in metal prices and commodity stocks, crude prices remained under pressure around the European market close.
Correction: This article has been updated to reflect that Siemens Gamesa landed a new contract for the supply of 13 turbines in China.