Here are the stories that you need to know on Tuesday: 

1.European stocks turn red as government bond yields resume selloff ahead of a twin set of statements from Federal Reserve Chairwoman Janet Yellen later this week.

2. Pearson Plc (PSO)  shares led FTSE 100 shares higher Tuesday after it said it will sell a 22% stake in Penguin Random House as part of the group's effort to trim its balance sheet and return cash to shareholders.

3. Global oil prices were modestly higher in early European trading, with investors taking advantage of a near 3% sell off over the last three trading days to build long positions ahead of data later this week from the Energy Information Administration that could indicate an increase in U.S. gasoline demand.

4. The bond market moves, however, have been far less disruptive this week than they were last, when benchmark 10-year government bond rates in Germany, Britain and the United States surged in unison, igniting parallels to the so-called 'Taper Tantrum' of 2013, when a 140 basis point rise in 10-year U.S. Treasuries pushed the S&P 500 into a 5% loss.

 

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