China
European stock markets closed higher on Monday.
The United Kingdom's FTSE 100 index increased by 0.72 percent to close at 10,767.33 points. France's CAC 40 index gained 0.83 percent to finish at 7,847.32 points. Germany's DAX index rose 0.91 percent to end the session at 25,410.84 points.
European stocks close higher Monday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 6.7171 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Chinese yuan weakens to 6.7171 against USD Tuesday
