Benchmark S&P 500 index closed up 0.5 per cent overnight but concerns about slowing economic growth stunted gains and the Dow dipped as bank stocks sank after warnings of current-quarter weakness while energy shares tumbled.The Australian share market has opened flat after a mixed session on Wall Street.Life insurers will be banned from denying cover to people who have undergone genetic testing.
More companies, including three of the big four banks, are due to hand down their financial year results in the months ahead.European equity markets largely lost ground on Tuesday, weighed by bank and energy stocks as investors tread cautiously ahead of key US inflation data and an anticipated European Central Bank rate cut later in the week.
Markets were uneasy ahead of Wednesday's US inflation report, which could provide clarity on the size of the Federal Reserve's rate cut when it meets next week. Myer has previously tried to get in front of younger shoppers with its purchase of Sass & Bide, but recently revealed it would be closing 10 of the brand's standalone stores.
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