Falls in iPhone and U.S. car sales helped beat European stock markets back from 20-month highs on Wednesday while the dollar inched up as investors priced in a greater chance of further tightening of U.S. monetary policy next month.
Apple Inc. reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.
Producer sentiment toward the agricultural economy inched up six points in April, according to the Purdue University/CME Group Ag Economy Barometer. The barometer increased from 124 in March to 130 in April. The higher reading comes on the heels of two months of declines following January 2017's all-time high of 153.