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US stocks started the second quarter with a bang on Monday, with the S&P 500 climbing to a fresh four-year high as manufacturing data from the US and China helped support the outlook for economic growth.
Australia holds key rate at 4.25% as domestic growth weakens
Australia’s central bank signalled on Tuesday it might resume cutting interest rates as soon as next month if weaker-than-expected growth slows inflation, sending the local currency and bond yields lower.
Avon Products has rejected an unsolicited $10 billion cash offer from Coty, the privately owned US fragrance group, as the door-to-door cosmetics seller seeks to stay independent while searching for a new chief executive, and grappling with financial and legal troubles.
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