Reuters

OPEC may decide to raise oil output due to worries over Iranian & Venezuelan supply, & after Washington raised concerns the oil rally was going too far

Bank of England top monetary policy officials were speaking to the Treasury Committee in Britain’s parliament on Tuesday.

Italian government bond yields slipped from multi-month highs on Tuesday after six days of heavy selling.

Washington neared a deal to lift its ban on China’s ZTE Corp, and Beijing announced tariff cuts on car imports, further easing trade tensions between the world’s two largest economies.

European Union countries cleared the way on Tuesday for the bloc to begin free trade talks with Australia and New Zealand.

The dollar fell on Tuesday, losing momentum after a broad rally prompted by rising U.S. bond yields and relief at an easing in U.S.-China trade tensions.

European shares inched higher on Tuesday, as an easing of pressure on Italian markets coincided with China’s latest move to open up its giant economy.

Asian shares skidded as a strong dollar sapped demand for EM assets while oil prices stoked concerns about a flare-up in inflation.

Oil prices rose on concerns that Venezuela’s crude output could drop further following a disputed presidential election.

Investors have been short the dollar since July of last year, but the dollar index has rallied nearly 7 percent since mid-February.