Receive Breaking News updates as they occur
World stocks climbed back toward all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default. Publicis , Sky , ARM Holdings were all up more than 4 percent after reporting results, with the overall picture of a weaker euro and improving economic conditions - driven by the European Central Bank's bond-buying stimulus plan - drawing investment flows into equity markets. Germany's closely-watched ZEW business confidence indicator, due at 5 a.m. EDT, was expected to confirm the brighter picture in Europe's biggest economy, with its sentiment gauge seen rising to 55.3 from 54.8 and current conditions to 56.0 from 55.1 . "In macro terms at least, the worst of the crisis looks like it is over for the euro zone and certainly my own 'misery indices' are looking less bad," said Neil Williams, chief economist at fund manager Hermes in London.
By Christopher Johnson LONDON (Reuters) - Brent crude oil steadied around $63 a barrel on Tuesday, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilize the Middle East, affecting oil supplies. Oil has climbed around 15 percent this month due to concern over the conflict in Yemen, Saudi Arabia's southern neighbor. The seaways around Yemen are some of the most important for the international oil trade with access points to the Red Sea and Suez Canal as well as the Middle East Gulf. Brent crude for June was down 50 cents at $62.95 a barrel by 0815 GMT (0415 a.m. EDT).
Japan's state-of-the-art maglev train clocked a new world speed record Tuesday in a test run near Mount Fuji, smashing through the 600 kilometre (373 miles) per hour mark, as Tokyo races to sell the technology abroad. The seven-car maglev train -- short for "magnetic levitation" -- hit a top speed of 603 kilometres per hour, and managed nearly 11 seconds at over 600kph, operator Central Japan Railway said. The new record came less than a week after the company recorded a top speed of 590 kph, breaking its own 2003 record of 581 kph.