Oil was down on Tuesday morning in Asia, after a hike in price brought on by stronger buying interest from a plunging dollar and expectations that the U.S. Federal Reserve's interest rate hike may be less than previously thought.
The dollar was up on Tuesday morning in Asia. It hovered on Tuesday just above a one-week low as a percentage-point Federal Reserve interest rate hike this month may be less than expected.
Taiwan's export orders likely grew for a second consecutive month in June after falling for the first time in two years in April, a Reuters poll showed on Tuesday, supported by demand for technology products.
Goldman Sachs Group Inc (NYSE:GS) on Monday warned it may slow hiring and cut expenses, as the economic outlook worsens, after reporting a 48% slump in quarterly profit which beat forecasts due to gains in fixed-income and commodities trading.
U.S. bank executives said they're optimistic on loan growth as demand for borrowing from retail and business customers bounced back in the second quarter from the lows of the pandemic, but warned demand could weaken later this year if the worsening economic outlook starts to hurt consumer confidence.
Europe registered the lowest number of new passenger cars in the month of June this year since 1996 at just over 1.06 million vehicles, with some carmakers seeing sales drop by nearly 50%, data from Europe's automobile association showed on Friday.