Economic Indicators

Pfizer is reporting a second-quarter profit surge, though the drugmaker says weakening currencies in Europe and Asia could nick revenue ahead.

Employers' wage and benefit costs climbed in the second quarter of this year.

A senior World Bank official says the Lebanese economy is "not doing great" and urged the country's leaders to approve projects put forward by the international lender, saying otherwise they would be cancelled.

The latest on developments in financial markets (all times local): 9:35 a.m.

The Environmental Protection Agency is announcing the recall of a half-million trucks with faulty pollution controls.

U.S. stocks are rising Tuesday morning after a three-day losing streak.

The German Farmers' Association is asking the government for 1 billion euros ($1.17 billion) in subsidies to help cover losses from this year's harvest, affected by the continuing drought and heat across large stretches of Europe.

The economy grew at a 4.1 percent rate in the second quarter, almost double the January-March period's 2.2 percent pace and the strongest performance in nearly four years.

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Consumer spending rose solid 0.4 percent in June while 12-month inflation reading was 2.2 percent.

Meanwhile, Detroit automakers General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles lowered their full-year profit forecasts just last week amid worries escalating tariffs would hurt margins and sales.

Procter & Gamble Co. (PG) on Tuesday reported fiscal fourth-quarter net income of $1.89 billion.

Higher prices in the wake of possible tariffs would exacerbate what is already mounting pressure on consumer product company profits from soaring costs from pulp, a main ingredient in tissues, diapers and sanitary towels.

Official statistics show that Europe's economic upswing slowed further in the second quarter amid jitters over a possible global trade war.

German automaker BMW says it will build a plant in eastern Hungary to manufacture up to 150,000 conventional and electric cars a year on a single production line.

Asian markets were mostly higher on Tuesday after the Bank of Japan decided to keep its monetary policy steady while allowing some flexibility to achieve yield targets.

Eurozone economic growth slows to quarterly rate of 0.3 percent in second quarter from 0.4 percent in first quarter.

Swiss bank Credit Suisse is warning that trade tensions and rising interest rates "are likely to trigger periods of heightened uncertainty through the remainder of 2018."

Japan's nuclear policy-setting panel has approved a revised guideline on plutonium use, putting a cap on its stockpile and pledging to eventually reduce it to address international concern.

A survey shows China's manufacturing weakened in July amid cooling domestic economic growth and rising trade tension with Washington.