Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
German Industry Employment Falls to Lowest Level in a Decade 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Crude oil prices slipped in early Asian trading Tuesday, pressured by weaker demand expectations amid escalating trade tensions between the United States and China—the world's largest oil consumers. Brent crude futures dropped 25 cents, or 0.4%, to $65.61 per barrel by 0024 GMT, while U.S. West Texas Intermediate (WTI) futures fell 18 cents, or 0.3%, to $61.87. Both benchmarks had already declined more than $1 on Monday.
The ongoing U.S.-China trade war, fueled by President Donald Trump's tariffs on all U.S. imports and retaliatory measures from China, has heightened fears of a global economic slowdown. A majority of economists surveyed by Reuters predict a recession could hit later this year, putting additional downward pressure on oil demand forecasts.
Reflecting these concerns, Barclays cut its 2025 Brent crude price forecast by $4 to $70 per barrel, citing rising trade risks and an expected oil supply surplus of 1 million barrels per day driven by changes in OPEC+ production strategies. Several OPEC+ members are reportedly considering increasing output again in June, potentially exacerbating the supply glut.
Oil market expert Philip Verleger warned that prices could see a sharp decline if exporting countries accelerate production hikes. Meanwhile, U.S. crude stockpiles are projected to have risen by 500,000 barrels for the week ending April 15, according to a preliminary Reuters survey. The American Petroleum Institute (API) will release its inventory data Tuesday, followed by official figures from the Energy Information Administration (EIA) on Wednesday.
