Australia markets closed

Markets rally stalls as investors assess pace of economic recovery

Philip Georgiadis in London and Hudson Lockett in Hong Kong

A broad rally in global markets stalled on Tuesday, as investors assessed hopes for a rebound in economic activity in the coming months. Stocks on Wall Street nudged lower at the open, with the S&P 500 falling 0.2 per cent and the tech-heavy Nasdaq unchanged. In Europe, London’s FTSE 100 was down 0.7 per cent in afternoon trading while Frankfurt’s Xetra Dax was 0.2 per cent lower.