In European Equity Markets the pan-European Stoxx 600 ended down around 1.09 percent by the close, with most sectors and major bourses in negative territory. Tech stocks were among the worst performers. The sector fell more than 1.9 percent. Europe’s banking index also fell 2.2 percent by Tuesday’s close amid heightened worries over slowing economic growth. British lender CYBG fell to the bottom of the benchmark after the firm announced it was planning for a “period of uncertainty” in regards to Brexit negotiations. Shares fell 16 percent on the news.

In Currency Markets sterling rebounded off earlier lows on Tuesday after Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by prime minister Theresa May though gains were tiny in a market wary of further Brexit deal developments. The pound rebounded 0.1 percent to $1.2856, and 0.3 percent above a low of $1.2821. It hit a two-week low of $1.2725 reached last week. Its weakness was less than some of its peers as the euro fell 0.4 percent against the Swiss franc.

In Commodities Markets oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street’s broader selloff fed by growing concerns about slowing global growth.  U.S. West Texas Intermediate (WTI) crude futures were at $54.72 per barrel, down $2.48, or 4.3 percent. The contract fell as much as 6.2 percent earlier in the session to $53.63 a barrel, the lowest since October 2017. So far in the session, more than 585,000 U.S. futures contracts had changed hands, exceeding the daily average over the last 10 months.

In US Equity Markets the S&P 500 hit a three-week low on Tuesday as weak results and forecasts from a bunch of retailers including Target and Kohl’s fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sales. The S&P 500 was down 1.69 percent, at 2,645.18 and the Nasdaq Composite declined 2.05 percent, at 6,884.25. Retailers took a hit with Target down 9.9 percent after it posted a lower-than-expected third-quarter profit. Home improvement chain Lowe’s Cos Inc  fell 2.6 percent after it unveiled more restructuring plans.

In Bond Markets Italian government bond yields jumped to one-month highs on Tuesday, pushed up by risk aversion on global markets triggered by sharp tech stock-led losses on Wall Street, tensions over Brexit and concerns about the Italian budget. Italy’s 10-year bond yield was up 2.2 basis points in late trade at 3.60 percent, off a one-month high hit earlier at 3.71 percent, while the gap over safer German peers pulled back from one-month highs around 335 bps. Five-year bond yields rose three bps to 2.87 percent, having hit highs of 2.98 percent