European markets were mixed in morning trading, as worries about the health of Spain's banks and the possibility of a bailout dominated. Moody's said late Monday that Spain's banks may face a greater capital shortfall than the government estimated last week. Britain's FTSE 100 rose 0.1%, the DAX in Germany gained 0.3% and France's CAC 40 remained flat.
Meanwhile, in Asia, Japan's Nikkei ended down 0.1%. Markets in Shanghai and Hong Kong were closed for a holiday. On Tuesday, Australia's central bank cut its interest rate to 3.25% over concerns about China's slowing growth.
In the United States, automakers will release September sales figures throughout the trading day. The first was Chrysler, which reported a 12% year-over-year increase in U.S. sales last month. It was also the best September sales since 2007.
Companies: Shares of clothing retailer Express ( sank more than 17% in premarket trading after the company lowered its third-quarter expectations. CEO Michael Weiss blamed "an abrupt change in traffic" of shoppers in September. )
A judge ruled Monday that Samsung should be allowed to sell its Galaxy Tab 10.1 tablet computer in the United States, the latest development in a long-running patent dispute between the electronics maker and Apple (Fortune 500). ,
General Growth Properties' ( stock gained nearly 2%, a day after influential hedge fund manager Bill Ackman turned up the heat on the mall operator to sell itself to )Simon Property Group (. )
Oil for November delivery rose 20 cents to $92.68 a barrel.
Gold futures for December delivery fell $1.90 to $1,781.40 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 1.64% from 1.62% late Monday.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.29%||4.39%|
|15 yr fixed||3.35%||3.42%|
|30 yr refi||4.30%||4.40%|
|15 yr refi||3.33%||3.40%|
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