China’s economy grew more than expected in the first quarter of 2023, data showed on Tuesday, indicating that a recovery was largely on track after the country relaxed most anti-COVID restrictions at the beginning of the year.

China's fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue growth would slow in the second half of the year.

Oil prices edged up slightly on Monday, supported by OPEC+'s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world's No. 2 oil consumer.

U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12 months.

 U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter.

 U.S. retail sales fell more than expected in March as consumers cut back on purchases of motor vehicles and other big-ticket items, suggesting that the economy was losing steam at the end of the first quarter because of higher interest rates.