Reuters

European shares had a choppy opening on Tuesday as a batch of first-quarter corporate results failed to set a clear upward trend.

Oil rose to its highest since November, 2014, buoyed by expectations that supplies will tighten just as demand reaches record levels.

CAD weakened against its U.S. counterpart after BOC Governor Poloz showed comfort with inflation running above the bank’s 2-percent target.

The U.S. dollar rallied to a seven-week high after a rise in the 10-year U.S. Treasury yield sent investors rushing to buy the greenback.

Sterling slipped to a two-week low against the dollar as investors questioned whether the BOE would raise interest rates in May.

European shares fell as results from UBS disappointed investors and a rise in U.S. Treasury yields put pressure on bond-proxy sectors.

Fears of a trade war between the US and China is prompting fund managers to hunt for companies that can pass on higher costs to their consumers.

BOJ’s Kuroda said that the central bank must continue with accommodative monetary easing for some time to meet its 2% inflation target.

Oil prices were steady as a rising U.S. rig count pointed to further increases in American output.

Bank of Canada Governor Poloz said he expects the inflation rate to be above 2%, but he is comfortable with that.