China’s car sales increased for the fourth month in a row in May, but at a slower pace compared to previous months. The rise in sales was seen across major automakers, but there are concerns about aggressive price competition in the world’s largest auto market.
U.S. wholesale inventories increased in April amid stockpiling of prescription medication in anticipation of tariffs from the Trump administration.
U.S. seaborne imports of goods from China dropped 28.5% year-over-year in May, the sharpest decline since the pandemic, as President Donald Trump's 145% tariffs took hold, supply chain technology provider Descartes (DSG.TO) said on Monday.
Americans' anxiety about the future path of inflation eased in May, as they also grew more upbeat about the state of their personal finances, according to a report released on Monday by the New York Federal Reserve.
Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.
Most Asian stocks rose on Tuesday, buoyed by optimism over ongoing U.S.-China trade talks, with reports suggesting that U.S. President Donald Trump was considering lifting chip export restrictions against Beijing.