Before he was fired, former FBI Director James Comey has sought more resources for Russia probe. In a farewell letter to staff, Comey said the President had the full authority to fire him and would not dwell on the decision. Democrats called for an independent probe of the Russia issue.
Stocks recovered while the dollar hovered above four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.
The European Central Bank is ready to temporarily step up purchases of Italian government bonds if the result of a crucial referendum on Sunday sharply drives up borrowing costs for the euro zone's largest debtor, central bank sources told Reuters.
Oil prices are moving lower after a surprise crude oil build reported by the API last evening as well as in anticipation of the U.S. Federal Reserve announcing an interest rate hike at the conclusion of their meeting today.
Chinese stocks fell on Tuesday, taking little comfort from a slew of support measures unleashed by Beijing in recent days, and unnerved by Chinese Premier Li Keqiang's failure to mention the market chaos in a statement on the economy.