Oil prices slipped nearly 2% in Asian trading on Monday, as nuclear talks between the U.S. and Iran eased supply disruption fears, while a temporary ceasefire between Russia and Ukraine further reduced oil’s risk premium.
The dollar tumbled on Monday as investor confidence in the U.S. economy took another hit over President Donald Trump’s plans to shake up the Federal Reserve, which would throw into question the independence of the central bank.
Singapore’s non-oil domestic exports in March rose 5.4% from the same month a year earlier, government data showed on Thursday, with shipments of both electronics and non-electronics increasing.
Japan’s exports rose for a sixth straight month in March, data showed on Thursday, as the threat of sweeping U.S. tariffs drove Japanese companies to ramp up shipments while sparking concerns about the outlook of the country’s export-reliant economy.
Asian stocks rebounded on Thursday amid hopes of U.S. tariff negotiations, while focus was squarely on Bank of Korea’s interest rate decision, Japanese trade data and Australia’s jobs report.
Joblessness among young people in Chinese cities dipped in March, reversing a two-month rise, official data showed on Thursday, as Chinese leadership pledges more efforts to boost youth employment.
