Here is your round-up of the financial news from around the world:
1. European stocks fall modestly at the start of trading Tuesday as investors eye movements in the U.S. dollar ahead of a key speech in London from Federal Reserve Chairwoman Janet Yellen.
2. The Treasury rally pushed the yield gap between 5-year notes and 30-year bonds narrowed to 94.6 basis points, the least since November 2007, suggesting the market is expecting continued interest rate hikes but less-than-expected longer-term growth.
3. There is little likelihood of inflation support from crude markets, even with prices rising for a fourth consecutive session in overnight trading, given that consistent U.S. supply increases have offset OPEC's agreed production cuts for most of the first half of this year.
4. Western Digital Corp. (WDC) - Get Report has resubmitted a bid for Toshiba Corp.'s (TOSYY) flashing memory unit, the company said Tuesday, as the battle between the two companies rages on for a division that could be worth as much as $20 billion.
This article was written by a staff member of TheStreet.