• The U.S. dollar fell to a seven-week low against a basket of other major currencies on Monday and global stock markets were shaky over investor concerns about protectionist rhetoric by U.S. President Donald Trump. The dollar index, which measures the greenback against six major rivals, was down 0.57 percent at 100.17.
• The dollar index was down 0.1 percent at 100.040 on Tuesday, while the euro hopped up to $1.0760.
• On Monday, Trump told U.S. manufacturing executives he would impose a hefty border tax on firms that import products into the United States after moving American factories overseas.
• U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises.
• President Donald Trump has scheduled a breakfast on Tuesday with the chief executives of Detroit automakers General Motors Co (GM.N), Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.MI) to talk about bringing more manufacturing jobs to the United States, the White House said on Monday.
• President Donald Trump told business leaders on Monday he believes he can cut regulations by 75 percent or "maybe more."
• The U.S. Senate Foreign Relations Committee narrowly approved President Donald Trump's choice for secretary of state, former Exxon Mobil chairman Rex Tillerson, on Monday.
• Mexico's President Enrique Pena Nieto said on Monday that he will aim to preserve tariff-free commerce under the North American Free Trade Agreement (NAFTA) in talks with the newU.S. government.
Mexico will also immediately seek bilateral deals with countries that formed part of the Trans-Pacific Partnership (TPP) free trade deal, Pena Nieto said at an event in Mexico City.
• Japanese manufacturing activity expanded in January at the fastest pace in almost three years as export orders surged, suggesting that overseas demand is not as weak as some economists and business leaders had feared.
The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) rose to a seasonally adjusted52.8 in January from a final 52.4 in the previous month.
• Global benchmark Brent crude prices were down 24 cents to $55.25 a barrel at 2:33 p.m. ET (1933 GMT). U.S. West Texas Intermediate (WTI) crude futures settled down 47 cents to $52.75 a barrel on Friday's close.
Oil prices eased on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non-OPEC producers were on track to meet output reduction goals.
• Ministers representing members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers said at a meeting on Sunday that they had taken 1.5 million barrels per day out of the market. The producers have agreed to reduce supplies by almost 1.8 million barrels per day in the first half of this year.
• U.S. drillers added the most rigs in nearly four years last week, data from energy services company Baker Hughes showed on Friday, extending an eight-month drilling recovery.
Reference: Reuters, CNBC
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