Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
U.S.-Indonesia Trade Deal Faces Uncertainty as Jakarta Reconsiders Key Commitments 
U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
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.
