Stocks are sliding (SPY, DJI, IXIC, USD, EUR, USDEUR, GLD)

Stocks are lower and the euro is surging on Tuesday morning. Near 9:48 a.m. ET, the Dow was down 89 points, the S&P 500 was down 10 points, and the Nasdaq was down 28 points. Stocks closed higher yesterday to start June in the green. The euro is having a big day, rallying as much as 2% to cross the 1.11 level against the dollar. Greece met with its creditors on Monday night and has submitted a list of reforms. But Eurogroup President Jeroen Dijsselbloem said a deal with creditors is still far, according to Bloomberg. The rally also came after data showed that eurozone inflation read positive for the first time since last November. The US dollar index was down more than 1%, at around 96.17. Auto sales data for May is rolling in, and companies are crushing estimates so far. General Motors beat expectations with a 3% jump in sales (versus 0.1% estimated), while Ford recorded a 1.3% decline in sales, less than the 3.1% slump forecast. At 10:00 a.m. ET, we'll get the reading on factory orders for April.SEE ALSO: ALBERT EDWARDS: 'Finally!' Join the conversation about this story » NOW WATCH: 11 little-known facts about Hillary Clinton

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The euro is ripping higher (EUR, USD, EURUSD)

The euro is surging. On Tuesday morning, the euro was up by almost 2% against the dollar, surging past the 1.11 level. It's a big week for Greece, and there are signs of progress. The leaders of all the major creditors met Monday night, and Greece has finally submitted a list of reforms to its creditors. The details were not made public, but sources close to the negotiations told Reuters that there are no major new concessions. But Eurogroup President Jeroen Dijsselbloem said a deal with creditors is still far, according to Bloomberg. Greece's next payment to the International Monetary Fund is due Friday. The rally also follows news that inflation has re-appeared in Europe for the first time since November 2014.  Here's a chart showing the rally: Join the conversation about this story » NOW WATCH: Mark Cuban has a brilliant strategy to get the best college degree for less money

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Wall St opens lower as Greece weighs; data eyed

U.S. stocks opened lower on Tuesday amid investor concerns over the outcome of Greece's negotiations with creditors and ahead of data that could provide clues on the timing of a U.S. rate hike.

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Southern European stock markets outpace weaker Greek bourse

Greek shares fall on lingering uncertainty over debt problems. * Southern European markets outperform weaker DAX. * Concerns over margins weigh ...

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Deputy speaker: Greece will face ultimatum, won't avoid tough reforms

Greece will not be able to avoid implementing harsh labour and pension reforms, First Deputy Speaker Alexis Mitropoulos said in a TV interview Tuesday. Mitropoulos added that the final proposal for a deal by Greece's creditors will be in the form ...

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Dijsselbloem: 'no imminent deal' with Greece this week

Jeroen Dijsselbloem, the Dutch finance minister and Chair of the Eurogroup of eurozone finance ministers, dampened hopes of an imminent deal between Greece and its creditors this week. Dijsselbloem said a deal is not theoretically possible to struck a deal this ...

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Paris Police Evacuate Hundreds Of Migrants From Makeshift Tent Camp

PARIS (AP) — Paris police started evacuating hundreds of migrants Tuesday from a tent camp near a major train station and tourist area — a patch of increasingly crowded pavement that has become a symbol of Europe's struggle in facing a surge of migrants. The migrants, mostly from East Africa, took agonizing journeys to arrive in the French capital but now find themselves in legal limbo, with little prospect of asylum and slim job chances. French police officers round up and evict African migrants living in a camp under a subway bridge in northern Paris on June 2, 2015. (JOEL SAGET/AFP/Getty Images) Anger at their presence has mounted among local leaders and some residents. In response, dozens of police vehicles and garbage trucks on Tuesday morning surrounded the area, in the shadow of the famed Sacre Coeur basilica and near the Gare du Nord train station. Migrants slowly gathered their blankets and meager belongings and mounted buses. They have been living near the Eurostar train tracks to Britain, below an elevated metro line, for months. French police officers round up and evict African migrants living in a camp under a subway bridge in northern Paris on June 2, 2015. (JOEL SAGET/AFP/Getty Images) The migrants' destination wasn't immediately clear. Social worker Bruno Morel of aid group Emmaus said some will be taken to centers for asylum-seekers. Many migrants say this was not the Europe they expected — sleeping outside beneath the rumble of subway trains, waiting for asylum applications to be processed. The evacuation comes as the EU is seeking better ways to handle the flood of migrants, including a controversial plan to divide up the refugees arriving on Mediterranean shores among all 28 EU member nations to help share the burden that is crushing Italy and Greece. African migrants leave aboard a bus after being evicted by French police from a camp under a subway bridge in northern Paris on June 2, 2015. (JOEL SAGET/AFP/Getty Images)-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.

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