New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.
The Commerce Department said on Tuesday new orders for manufactured goods increased 1.8 percent after declining 1.1 percent in May.
The dollar trimmed losses against the other major currencies on Tuesday, after data showed that U.S. factory orders rose broadly in line with expectations in June, while markets continued to eye the release of U.S. nonfarm payrolls on Friday.
Drugmaker Shire (L:SHP) said on Tuesday it was seeking to buy Baxalta (N:BXLT), a company spun-off by Baxter International (N:BAX) last month, for $30 billion to forge the leading global specialist in rare diseases.
U.S. drugmaker Pfizer (N:PFE) gained European Union antitrust approval on Tuesday for its proposed $15 billion acquisition of U.S. rival Hospira (N:HSP) after pledging to sell some drugs to allay competition concerns.
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