Oil prices fell over $1 on Tuesday, reversing gains in the previous session, on expectations peace talks between the U.S. and Iran will take place this week and lead to more supply to flow from the key Middle East producing region.
Fitch Ratings says the U.S. credit risk outlook has deteriorated entering the second quarter of 2026, citing emerging threats from the Iran war and software disruption.
For March, the Global Light Vehicle (LV) selling rate improved to over 87 million units/year. However, overall sales fell in year-on-year (YoY) terms by 3.5% to 8.2 million units, driven largely by sharp declines in the US and China.
The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims.
Asian stock markets were mixed on Tuesday, with South Korean shares touching record highs on chipmaker gains, while broader sentiment remained cautious as investors tracked developments around a fragile U.S.-Iran ceasefire.
The jobless rate in China for those under 30 years of age in urban areas, excluding college students, rose in March, data from the National Bureau of Statistics showed.