In European Equity Markets stocks remained stuck at seven-week lows on Tuesday as a fall among commodities-related sectors and telecoms firm Altice outweighed a buoyant tech sector. The pan-European STOXX 600 erased earlier gains to end the session 0.6 percent lower. Altice lost more than 13 percent after Morgan Stanley cut its price target on the stock by 34 percent, adding to pressure on the shares which are already down 46 percent this year. Italy’s Saipem was another big faller, down more than 7 percent after it was removed from the MSCI Italy Index, while utility RWE lost 5.6 percent after an earnings update. Chipmaker Infineon gained 2.7 percent despite reporting weaker dollar-dented sales.

In Currency Markets the euro rose to a 2-1/2 week high against the U.S. dollar on Tuesday and was on track for its largest percentage gain in more than two months, after data showed Germany’s economy shifted into a higher gear in the third quarter. The euro was up 0.69 percent at $1.1745, set for its largest one-day percentage gain against the greenback since Sept. 7. Sterling lost 0.81 percent to a three-week low against the euro, after UK inflation data came in slightly lower than expected, weakening the case for further interest rate rises.  New Zealand’s commodity-linked currency fell after disappointing data on Chinese retail sales and industrial production. The kiwi was 0.35 percent lower against its U.S. counterpart.

In Commodities Markets oil prices fell 2 percent on Tuesday, headed for a third straight daily decline, on forecasts for rising U.S. crude output and a gloomier outlook for global demand growth in a report from the International Energy Agency. Brent futures were down 2 percent, at $61.92 a barrel, while U.S. West Texas Intermediate crude was down 2 percent, at $55.60 per barrel. The IEA delivered a surprisingly downbeat outlook for oil demand in its monthly market report, showing an expected slowdown in consumption that was at odds with a more bullish view from the producer group OPEC on Monday.  Spot gold was down 0.4 percent at $1,272.77 per ounce and silver fell 1 percent to $16.86 per ounce.

In US Equity Markets  stock indexes were lower on Tuesday after GE plunged for the second straight day and a decline in oil prices hit energy stocks. The Dow Jones Industrial Average was down 0.43 percent, at 23,338.16, the S&P 500 was down 0.35 percent, at 2,575.8 and the Nasdaq Composite was down 0.3 percent, at 6,737.14. Nine of the 11 major S&P sectors were lower, led by losses in energy and materials index. Exxon fell 0.4 percent, while ConocoPhillips was down 2 percent, weighing the most on the energy sector. Buffalo Wild Wings rose 24 percent after a report that the restaurant chain had received a takeover bid at about $2.3 billion from private equity Roark Capital Group.

In Bond Markets U.S. Treasury two-year note yields climbed to a nine-year peak on Tuesday while those on long-dated debt fell as the yield curve flattened for a second straight day and investors braced for the next tightening by the Federal Reserve in December. Earlier in the global session, U.S. 10-year yields hit 2.414, the highest since late October. The U.S. two-year yield hit a nine-year peak just shy of 1.7 percent, up from Monday’s 1.687 percent. U.S. 30-year bond yields, on the other hand, fell to 2.841 percent, from 2.869 percent on Monday.