Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the trade war between the United States and China, the world’s two biggest economies.
The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.S.-China trade conflict was in motion.
Oil prices were set for a weekly decline of nearly 2% on the back of oversupply concerns and uncertainty around tariff talks between the U.S. and China.
Most Asian stocks advanced on Friday, with technology shares tracking stellar overnight gains in their U.S. peers following stronger-than-expected earnings from Google owner Alphabet.
Vietnam has increased government bond sales by nearly 30% so far this year, data shows, as it bids to boost public spending to spur growth and shield the economy from the risk of crippling U.S. tariffs.
A sharper-than-expected rise in Tokyo’s consumer prices has boosted the likelihood of a Bank of Japan (BoJ) interest rate hike as early as June, ING analysts said in a note.
