Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather. The Dow Jones Industrial Average DJIA, +0.45% rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index SPX, +0.64% added 0.6% to 2,839. The technology-laden Nasdaq Composite Index COMP, +0.65% meanwhile, finished with a 0.7% higher at 7,871.

Oil slips as strong dollar pressures, equities gains support. il prices edged lower on Tuesday, weighed down by a strengthening US dollar as investors remained concerned about the financial crisis in Turkey. Brent crude dipped 15 cents to settle at US$72.46 a barrel, while US West Texas Intermediate (WTI) crude futures fell 16 cents to close at US$67.04 a barrel.

Europe: Britain's FTSE dips, miners weigh as Turkey crisis eases. The FTSE 100 closed down 0.4 per cent while the pan-European Stoxx 600 was flat.

US import prices flat; US dollar curbing imported inflation. The Labor Department said on Tuesday the flat reading in import prices last month followed an upwardly revised 0.1 per cent drop in June. Import prices were previously reported to have declined 0.4 per cent in June.

US denies China policy change after Taiwan leader speech in LA. President Donald Trump's administration denied Tuesday any change to its "One-China" policy after Taiwan President Tsai Ing-wen made a political speech in the US, the first time in 15 years a Taiwanese leader has done so.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research