New car sales in Europe rose 2.8% in March, boosted by double digit jumps in Britain and Spain, as industry data on Thursday showed that an increase in registrations of electric vehicles in the month offset a fall in those of petrol and diesel cars.

U.S. prices are up and economic activity and employment have changed little since March across most of the nation, the Federal Reserve said on Wednesday in a report that captures some of the early fallout from U.S. President Donald Trump’s erratic rollout of sweeping tariffs aimed at reshaping global trade.

Most Asian stocks rose marginally on Thursday as investors second-guessed recent optimism over a deescalation in the U.S.-China trade war, although Japanese markets outperformed on reports of more U.S. trade dialogue. 

Oil prices inched higher in Asian trade on Thursday following steep losses in the prior session, as investors digested reports that OPEC+ plans to further ramp up production in June.

The dollar took a breather on Thursday, following a sharp bounce after President Donald Trump backed away from threats to fire Federal Reserve chair Jerome Powell and his administration opened the door to a softer stance on China tariffs.

Bank of America analysts cut their annual gross domestic product forecast for China on Tuesday, stating that the country faces significant headwinds from a bitter trade war with the United States.