Shares of Delivery Hero jumped 19% in early trade after it announced that Uber would buy its Foodpanda business in Taiwan and buy new shares in the German company in a $1.25 billion deal.

Delivery Hero said in a statement that the deal would allow it to focus its resources on other parts of its global footprint.

— Karen Gilchrist

U.K. unemployment rose to 4.3% in the three months to March, new data from the Office for National Statistics showed Tuesday. The rate was in line with analyst expectations and slightly up from the 4.2% recorded in the previous period to February.

Wages excluding bonuses also increased by a stronger-than-expected 6.0% in the three-month period from the same time last year. Analysts had forecast wage growth of 5.9%.

The Bank of England will be closely monitoring labor data and its impact on inflation even as it signaled that a rate cut could come at its next meeting in June.

— Karen Gilchrist

Last week’s equity rally following a rocky period in April indicates the market is moving past its pullback, according to HSBC.

“The dip in risk assets is increasingly in the rear-view mirror as many major equity indices re-approach their year-to-date highs,” strategist Duncan Toms wrote in a Monday note. “These broad-based gains once again resemble a Goldilocks-style rally.”

With investors looking toward Wednesday’s CPI report, Toms believes “the bar for ever more hawkish surprises is getting higher.” Consequentially, the strategist believes even in-line expectations could be another catalyst for risk assets to climb higher.

— Hakyung Kim

There’s been so much love for one global chip stock that as many as 14 analysts upgraded it in the past two weeks.

The stock’s been soaring on the artificial intelligence boom. It’s up around 35% so far this year, and 60% since a year ago.

CNBC Pro subscribers can read more here.

— Weizhen Tan

While value stocks continue to outperform in Europe, growth stocks are currently benefiting from improving forward guidance in the U.S., according to Barclays.

“Rates fell from their recent highs after Fed’s dovish turn, further boosting the outlook for Growth,” strategist Venu Krishna wrote. “We remain Positive on Growth in the US, while being Neutral on Value across both regions given that peak rates are behind us.”

Krishna also reiterated his positive position on U.S. large caps over their smaller counterparts.

“In the U.S., Large caps’ exposure to Quality and Sales/EPS Growth styles (themes we are positive on) along with the interest rate risks facing highly levered small caps lead us to maintain our Positive view on large over small,” he added.

— Lisa Kailai Han

Only three ETFs worldwide have produced double-digit annual returns over the past five years, CNBC Pro research has found.

The three funds stood out among 8,300 equity ETFs worldwide screened by CNBC Pro using FactSet data.

Analysts also expect two of the three ETFs to rise by double-digits again over the next 12 months.

CNBC Pro subscribers can read more here.

— Ganesh Rao

European markets are expected to open in negative territory Tuesday.

The U.K.’s FTSE 100 index is expected to open 17 points lower at 8,393, Germany’s DAX down 18 points at 18,718, France’s CAC 5 points lower at 8,199 and Italy’s FTSE MIB down 31 points at 34,451, according to data from IG.

Earnings are due from Euronext, Eutelsat, Hannover Re, Bayer, Porsche and Vodafone.

— Holly Ellyatt