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    MORNING BELL: Post Eurogroup reactions

    Wall Street shares slipped after the Eurogroup meeting, with the Dow and S&P 500 shedding 0.5 percent each. Meanwhile, China continued to be on investors' radars after Beijing cut interest rates for the third time in six months on Sunday. While the latest easing has generally been welcomed by global investors, concerns remain about the outlook for the world's second-largest economy as it heads for its worst year in a quarter of a century.

    Crude oil prices ticked slightly higher in Asia on Tuesday ahead of U.S. industry data on stockpiles, with gasoline in focus as the summer driving season nears in the U.S. On the New York Mercantile Exchange, WTI crude for June delivery rose 0.06%, to $59.28 a barrel. Overnight on Monday, crude futures inched down, continuing the retreat from five-month highs reached last week, ahead of Tuesday's latest strategy report from OPEC. On the Intercontinental Exchange (ICE), Brent crude for June delivery dipped to $64.93 a barrel on Monday. 

    Gold held relatively flat early Tuesday in Asia with the stage set in Europe for last minute talks on Greece's ability to make a major debt payment. On the Comex division of the New York Mercantile Exchange, gold for June delivery as down 0.02%, to $1,182.80 a troy ounce. Elsewhere, silver for July delivery fell 0.25%, to $16.273 a troy ounce. Copper for July delivery rose 0.07% to $2.911 a pound.

    In currencies, the euro was down 0.1 percent at $1.1140. The common currency surged to a two-month high of $1.1392 on Thursday when markets were focused on improving prospects for the European economy and surging euro zone bond yields. The dollar was little changed at 120.14 yen after climbing modestly overnight as U.S. Treasury yields rose ahead of $64 billion in new debt supply hitting the market this week. The New Zealand dollar, battered recently by increasing speculation that the country's central bank would eventually cut rates, hovered near a two-month low of $0.7333.

      

     

     

     

     

     


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