Commodities

In commodity news, oil traded down 4.2% to $70.45 while gold traded down 0.7% at $2,510.00.

Silver traded down 3.3% to $28.19 on Tuesday, while copper fell 3.5% to $4.0660.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 1.07%, Germany's DAX fell 1.04% and France's CAC 40 fell 1.06%. Spain's IBEX 35 Index fell 1.18%, while London's FTSE 100 fell 0.86%.

French government budget deficit shrank to EUR 156.91 billion in January to July compared to EUR 168.99 billion in the year-ago period last year. The number of people registering as jobless in Spain increased by 0.9% month-over-month to 2.6 million in August. UK's retail sales increased 0.8% year-over-year in August.

Asia Pacific Markets

Asian markets closed lower on Tuesday, with Japan's Nikkei 225 falling 0.04%, Hong Kong's Hang Seng Index falling 0.23%, China's Shanghai Composite Index declining 0.29% and India's BSE Sensex falling 0.005%.

Singapore's manufacturing PMI rose to 50.9 in August from 50.7 in the prior month.

Economics

• The Logistics Manager's Index fell to 56.4 in August compared to 56.5 in July.
• The S&P Global manufacturing PMI was revised lower to 47.9 in August versus a preliminary reading of 48.
• The ISM manufacturing PMI rose to 47.2 in August from 46.8 in the prior month, missing market estimates of 47.5.
• U.S. construction spending declined by 0.3% month-over-month to an annual rate of $2,162 billion in July.
• The RealClearMarkets/TIPP Economic Optimism Index rose by 1.6 points to a reading of 46.1 in September.

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