· European stocks open higher on Tuesday morning, as investors monitor the release of economic data and await Federal Reserve Chairman Jerome Powell's highly-anticipated testimony later in the session.
The pan-European Stoxx 600 was 0.1 percent higher with the different sectors moving in different directions.
· Asian shares extended their recovery on Tuesday, hitting a three-week high as U.S. borrowing costs eased ahead of Federal Reserve Chairman Jerome Powell’s highly-anticipated first congressional testimony later in the day.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, building on its bounce from a two-month low touched on Feb. 9.
· Japan’s Nikkei share average hit a three-week high on Tuesday, led by gains in large-cap and exporters’ shares as easing in U.S. bond yields overnight improved sentiment ahead of a key testimony by new Federal Reserve Chairman Jerome Powell.
The Nikkei rose 1.1 percent to 22,389.86, its highest close since Feb. 5 and almost recovering to its 100-day moving average at 22,419. The broader Topix rose 0.9 percent to 1,790.34.
· China stocks snapped a six-session winning streak on Tuesday, led lower by real estate and resource firms, as investors booked profits after a recent strong rally.
At the close, the Shanghai Composite Index was down 1.1 percent at 3,292.07.
Reference: Reuters, CNBC
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