New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.

Consumer confidence rebounded in May, ending a five-month streak of declines, according to new data from The Conference Board.

Investors are fearing that projections for the U.S. debt mountain could increase further when a sweeping tax and spending bill goes through the Senate, with the risk that bond yields stay higher for longer.

Oil prices rose in Asian trading on Wednesday as concerns over potential new sanctions on Russia and stalled progress in U.S.-Iran nuclear negotiations raised some supply disruption fears, while investors were cautious ahead of a pivotal OPEC+ meeting later this week.

Most Asian stocks rose on Wednesday tracking a strong overnight session on Wall Street, as investors cheered President Donald Trump’s postponement of steep trade tariffs against Europe.

Britain will spend a record 3 billion pounds ($4 billion) to boost training opportunities, the government said on Tuesday, part of a broader strategy to train locals to fill gaps in the labour market and reduce reliance on foreign workers.