World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple (NASDAQ:AAPL), a 17-year top for European tech firms and news that Twitter and Netflix (NASDAQ:NFLX) were set to join Wall Street's flagship S&P 500 index.
The pound rose to the day’s highs on Tuesday, jumping half a percent against the dollar after data showing that the dominant UK service sector grew at a faster than expected pace in May.
The euro and the dollar steadied on Tuesday as investors awaited a fresh catalyst after the previous day’s gains as signs of strength in the U.S. economy shifted focus away from trade concerns.
UBS Group AG Chief Executive Officer Sergio Ermotti said investors shouldn’t take fright after political turmoil in Italy sent tremors through global financial markets in recent weeks.
The operator of a fan page on Facebook (O:FB) is also responsible for protecting visitors' personal data and cannot hide behind the social network, the European Union's highest court ruled on Tuesday.