This is what you need to know on Tuesday:
1. European stocks open lower Tuesday following a weaker session on Wall Street that was marred by concerns over the failure of Senator Mitch McConnell's healthcare reform bill.
2. The pound has been steadily edging higher against the dollar since Bank of England Governor Mark Carney hinted that the Bank's tolerance for faster inflation may be limited and that he and his colleagues could contemplate removing stimulus - and thus strengthening the currency - if the broader economy were to show signs of improvement.
3. Toshiba Corp (TOSYY) shares rose the most in nearly five months Tuesday after the group said the sale of its memory division will continue, despite attempts by Western Digital (WDC) to have it blocked, and investors priced in a new investment from U.S. hedge fund Greenlight Capital.
4. Wall Street's late slump was pegged, in part, on news that two Republican Senators withdrew support for McConnell's attempt to repeal the Affordable Care Act, known as 'Obamacare'. With only a two-seat majority in the upper chamber, the chances of passing the re-written bill look slim, which makes the odds of successful tax reform less likely between now and the end of the year.
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