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Spain's unemployment dropped in March, adding to hopes that the economy will stabilize in 2013, data from the Labor Ministry showed Tuesday.

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The Reserve Bank of Australia on Tuesday decided to retain the cash rate unchanged at 3 percent for a third consecutive time as downside risks to global economic outlook receded and domestic consumption showed signs of moderate recovery. The central bank, however, stuck to its view that the current inflation outlook provided room to ease policy further.

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New orders for U.S. manufactured goods showed a notable rebound in the month of February, according to a report released by the Commerce Department on Tuesday, with the increase largely due to strength in the volatile transportation sector. The report said factory orders surged up by 3.0 percent in February following a revised 1.0 percent decrease in January.

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New orders for U.S. manufactured goods showed a notable rebound in the month of February, according to a report released by the Commerce Department on Tuesday, with the increase largely due to strength in the volatile transportation sector.

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The continuing downturn in the U.K. manufacturing sector have reignited fears of a triple-dip recession amid lackluster demand from both domestic and foreign markets. Further, mortgage approvals declined again in February, reflecting no credible support from the Funding for Lending Scheme to the housing market.

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Unemployment in the euro area held steady at a record high in February, raising concerns that the ongoing recession is set to be a prolonged one as the region's debt crisis continues to weigh on economic activity, latest data showed Tuesday.

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Russia's central bank left its main refinancing rate unchanged for the seventh consecutive month, but reduced rates on long-term liquidity operations by a quarter point as it sees increased risks to economic growth.

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Australia posted a seasonally adjusted merchandise trade deficit of A$178 million in February, the Australian Bureau of Statistics said on Wednesday.

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Australia saw a seasonally adjusted merchandise trade deficit of A$178 million in February, the Australian Bureau of Statistics said on Wednesday.

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China will on Wednesday see the March results for the non-manufacturing and HSBC services PMIs, highlighting a modest day for Asia-Pacific economic activity.

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