Redbook US Same-Store Sales Rise in Week Ended May 30

Redbook US Same-Store Sales Rise 9.0% Year-Over-Year in Week Ended May 30 After Prior 9.0% Gain

US Dollar Mixed Early Tuesday Ahead of Redbook, Consumer Sentiment, JOLTS

The US dollar was mixed against its major trading partners early Tuesday -- up versus the yen and Canadian dollar, down versus the euro and pound -- ahead of the release of weekly Redbook same-store sales at 8:55 am ET.The RealClearMarkets/TIPP consumer sentiment reading for June is due to be released at 10:00 am ET, at the same time as job openings data for April.A quick summary of foreign exchange activity heading into Tuesday:EUR/USD rose to 1.1646 from 1.1631 at the Monday US close but was slightly below a level of 1.1647 at the same time Monday morning. Eurozone consumer prices rose at a slower pace in May than in the previous month, but the year-over-year growth rate accelerated, according to data released earlier Tuesday. The next European Central Bank meeting is scheduled for June 11.GBP/USD rose to 1.3470 from 1.3459 at the Monday US close and 1.3463 at the same time Monday morning. UK consumer lending slowed in April, according to data released earlier Tuesday. Bank of England Governor Andrew Bailey is due to speak at 10:00 am ET. The next Bank of England meeting is scheduled for June 18.USD/JPY rose to 159.7272 from 159.6930 at the Monday US close and 159.4685 at the same time Monday morning. The Japanese money supply declined in May compared with a year earlier, according to data released overnight. The next Bank of Japan meeting is scheduled for June 15-16.USD/CAD rose to 1.3852 from 1.1383 at the Monday US close and 1.3827 at the same time Monday morning. There are no Canadian data on Tuesday's schedule. The next Bank of Canada meeting is scheduled for June 10.

Tech Rally, Easing Crude Prices Lift European Bourses Midday

European bourses tracked moderately higher midday Tuesday as traders embraced the AI narrative and weighed easing crude oil prices.Tech and bank stocks led gains on continental trading floors, while oil shares lagged.STMicroelectronics rose 10.6% midday after the Swiss-based chipmaker issued higher guidance for revenue, citing AI-fueled data-center demand.Investors also eyed muted Wall Street futures, but higher lower closes overnight on Asian exchanges, including fresh record zeniths in Seoul and Taiwan.In economic news, the euro area consumer price index (CPI) in May is expected to rise 3.2% on year, rising from 3% on-year gain in April, reported Eurostat. Higher energy bills were cited.The pan-continental Stoxx Europe 600 Index was up 0.7% mid-session.The Stoxx Europe 600 Technology Index was up 2.7%, and the Stoxx 600 Banks Index gained 0.9%.The Stoxx Europe 600 Oil and Gas Index eased 0.8%, while the Stoxx 600 Europe Food and Beverage Index inclined 0.4%.The REITE, a European REIT index, rose 1.1%.On the national market indexes, Germany's DAX was up 0.8%, and the FTSE 100 in London gained 0.4%. The CAC 40 in Paris was up 0.7%, and Spain's IBEX 35 lifted 0.6%.Yields on benchmark 10-year German bonds were lower, near 2.95%.Front-month North Sea Brent crude-oil futures were down 1.3% at $93.76 a barrel.The Euro Stoxx 50 volatility index was down 3.2% at 19.49, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.