Americans' anxiety about the future path of inflation eased in May, as they also grew more upbeat about the state of their personal finances, according to a report released on Monday by the New York Federal Reserve.
Oil prices climbed on Tuesday as investors awaited the outcome of U.S.-China talks that could pave the way for easing trade tensions and improve fuel demand.
Most Asian stocks rose on Tuesday, buoyed by optimism over ongoing U.S.-China trade talks, with reports suggesting that U.S. President Donald Trump was considering lifting chip export restrictions against Beijing.
Japan’s economy contracted less than initially estimated in the January-March quarter, government data showed on Monday, with consumption figures revised upwards at a time when uncertainty surrounding U.S. tariffs is clouding the outlook.
China's export growth slowed to a three-month low in May as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts.
Most Asian stocks rose on Monday amid optimism over high-level trade talks between China and U.S. set to take place later in the day, especially as weak Chinese inflation data underscored the impact of their trade war.