Reserve Bank of Australia: Cut Rates To Encourage Growth

Australia RBA Minutes: Cut Rates To Encourage Growth, Members of the Reserve Bank of Australia's monetary policy board decided that it was appropriate to trim the nation's benchmark interest rate in order to spur economic growth, minutes from the RBA's May 8 meeting revealed on Tuesday 

Meanwhile, U.K. Inflation Eases To 7-Month Low, U.K. consumer price inflation slowed more-than-expected to a seven-month low in April on falling petrol and air fares, official data revealed Tuesday. The slowdown provides relief for consumers as it raises purchasing power, while it gives more scope for the central bank to ease monetary policy

Earning news from Urban Outfitters Q1 profit climbs, tops view, Urban Outfitters Inc. (URBN) on Monday reported a jump in first-quarter earnings that beat market consensus, as sales climbed from a year back