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• The euro rose to a new five-week high on Tuesday with receding fears of a global trade war hurting the dollar and encouraging investors to resume their bets on a stronger single currency.

After a big gain on Monday, the euro added another 0.3 percent to hit $1.2473, leaving it less than cent off the three year highs hit in mid-February.

With many traders betting on prolonged dollar weakness this year because of the United States’ trade and budget deficits, and investors expecting to allocate more money to the euro zone as its economy strengthens, the single currency has performed well in 2018.

The dollar was flat against a basket of currencies at 88.991, its weakest level since Feb. 16.

• The threat of a trade war between the U.S. and China grew more pronounced last week and there could be a winner from the fallout if tensions escalate, says one strategist.

"One of the bigger beneficiaries of that would be Germany — Germany and Europe broadly," Gina Sanchez, CEO of Chantico Global, told CNBC's "Trading Nation" on Friday. "European trade with China has been on the rise for the past years."10

China is the European Union's second-largest export market, according to the European Commission. Exports to China rose at an annual average rate of around 4 percent from 2012 to 2016, while the value of total trade between the EU and China rose 98 percent.

• The leading U.S. consumer protection regulator and attorneys representing states stepped up pressure on Facebook Inc on Monday to explain how the social network allowed data of million users get into the hands of a political consultancy.3750

The U.S. Federal Trade Commission took the unusual step of announcing that it had opened an investigation into the company - which it generally only does in cases of great public interest - citing media reports that raise what it called “substantial concerns about the privacy practices of Facebook.”

Facebook shares fell as much as 6.5 percent, briefly dipping below $150 for the first time since July 2017, before recovering the day’s losses to close up 0.4 percent at $160.06.

The shares are still down 13 percent since March 16, when Facebook first acknowledged that user data had been improperly channelled to Cambridge Analytica. The company has lost more than $70 billion (£49.1 billion) in market value since then.

• Less than miles from the Russian consulate in Seattle, which was closed by President Donald Trump on Monday, is what is believed to be the largest arsenal of nuclear weapons in the United States.30

Trump ordered the closure of the consulate as part of a broader move against Russian diplomats and intelligence officials Monday.

• Deutsche Bank is seeking to replace Chief Executive John Cryan amid an intensified boardroom row over the bank’s future and alarm at its performance, the Times newspaper reported on Monday.

Germany’s largest bank has approached Richard Gnodde, a senior executive of Goldman Sachs, to take on Cryan’s role less than two years into his tenure, the newspaper said.

Gnodde is believed to have turned down the proposal. Other possible replacements considered are Jean Pierre Mustier, chief executive of UniCredit SpA, and Bill Winter, chief executive of Standard Chartered Plc, according to the Times.

• Oil prices were firm on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions, although further rises expected in U.S. crude output loomed over markets.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $65.63 a barrel at 0700 GMT, up 8 cents, or 0.1 percent, from their previous settlement.

Brent crude futures LCOc1 were at $70.17 per barrel, up 5 cents, or 0.1 percent.