ASIA/PACIFIC
Asia-Pacific markets rose Tuesday as China slapped tariffs on U.S. imports in a rapid response to a 10 percent trade duty imposed by the Trump administration on Chinese goods. Markets in mainland China remained closed for the Lunar New Year holidays.
EUROPE
European stock markets closed higher as worries about U.S. tariffs eased following U.S. President Donald Trump’s decision to delay levies on Canada and Mexico.
AMERICAS
Mexican markets are set for weeks of uncertainty and volatility, analysts say, after President Claudia Sheinbaum persuaded her US counterpart Donald Trump to suspend the introduction of a 25% import tariff on Mexican goods for a month while they continue talks on trade, drugs and migration.
AFRICA
Nigeria’s Federal Government has secured a $1.1 billion loan from the African Development Bank (AfDB).
MIDDLE EAST
Most stock markets in the Gulf closed in the green as investors focused on upcoming corporate earnings, despite escalating trade tensions between the U.S. and China.
COMMODITIES
GOLD
Spot gold gained 0.9% to $2,837.29 per ounce after hitting a record high of $2,845.14 earlier in the session. U.S. gold futures rose 0.3% to $2,865.20.
OIL
U.S. West Texas Intermediate (WTI) crude was down 9 cents, or 0.12%, at $73.07 per barrel, while Brent futures were up 48 cents, or 0.63%, to $76.44.