Euro area and Japanese GDP revised up

Markets were mixed on Tuesday.

The S&P 500 was flat, the STOXX Europe 600 rose 0.1 percent and the Nikkei 225 fell 0.2 percent.

The euro area and Japan both saw upward revisions to GDP on Tuesday.

The euro area's economic contraction in the first quarter is now estimated at 0.3 percent, less than the 0.6 percent contraction estimated previously.

Japan's economy is now estimated to have contracted in the first quarter at a 3.9 percent annualised rate, down from a 5.1 percent rate previously.

In the US, a report on Tuesday showed that job openings jumped to a record high in April, which JPMorgan strategist Daniel Silver said signals “a need for firms to raise wages”.