China may have signaled it's going more hard-line on trade, but it could be a good thing, former U.S. negotiator Clete Willems told CNBC.World Economyread more
As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
After years of speculation, Neuralink, the brain-machine interface start-up co-founded by Elon Musk, started talking directly to the public on Tuesday.Technologyread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
Aarti Borkar from IBM Security says artificial intelligence bias can exist at three levels: the program, the data and the people who design those AI systems.Cybersecurityread more
A key read on the industry, the Architecture Billings Index, fell into negative territory in June, according to the American Institute for Architects. Inquiries for new...Real Estateread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
Mikaila Ulmer may be just 14 years old, but the Me & the Bees Lemonade founder knows a thing or two about business.Young Successread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
European stocks closed sharply higher on Tuesday, after ECB President Mario Draghi suggested in a speech that the central bank will provide more stimulus — either through new rate cuts or asset purchases — if inflation does not pick up.
Draghi also defended the tools that the organization has available, saying that its asset purchase program still has considerable headroom.
The pan-European Stoxx 600 recovered from an early drop to end the session 1.8% higher, marking a one-month high. All sectors and major bourses were in positive territory, with basic resources leading the gains and surging by almost 3%.
Central banks will remain in focus this week. The U.S. Federal Reserve is scheduled to start a two-day monetary policy meeting on Tuesday, with investors on the look out for clues about potential rate cuts.
Stocks on Wall Street also surged on Tuesday, with the Nasdaq gaining 1.7% after Trump announced he would meet his Chinese counterpart Xi Jinping at the upcoming G-20 summit in Japan. Trade tensions between the world's two largest economies have been putting markets under pressure in recent months.
Investors will also be monitoring geopolitical tensions elsewhere, after acting U.S. Defense Secretary Patrick Shanahan announced Monday that 1,000 troops will be deployed to the Middle East, citing concerns about a threat from Iran. Fears of a confrontation between Iran and the U.S. have mounted since last Thursday, when two oil tankers were attacked, which Washington has blamed on Tehran.
Back in Europe, the six remaining Conservative party hopefuls to replace British Prime Minister Theresa May will face a second round of voting by secret ballot Tuesday, with Brexiteer Boris Johnson the clear frontrunner despite refusing to participate in Sunday's live television debate.
Looking at individual stocks, shares of German chipmaker Infineon fell 2% on Tuesday, as the company launched an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) toward its planned acquisition of Cypress Semiconductor.
Steel producer Arcelormittal rose to the top of the European benchmark during afternoon trade, its shares gaining more than 6% as Trump's planned meeting with Xi lifted optimism for a Sino-U.S. trade deal.
At the other end of the Stoxx 600, Danish hospital equipment maker Ambu plunged 14% after the company cut its outlook for the year. Silicon wafer supplier Siltronic fell almost 8% after its third profit warning in 2019.