United News of Bangladesh

Asian shares were mixed on Monday after US stocks ended last week higher, with Japan's Nikkei 225 leading gains. Oil prices also rose amid concerns over tensions in the Middle East and threats to key shipping routes. US stock futures were little changed. In Tokyo, the Nikkei 225 rose 2% to 66,890.02, helped by strong gains in technology stocks. Tokyo Electron, which makes equipment for chip production, gained 3.5%, while chip-testing equipment maker Advantest jumped 4.9%. South Korea's Kospi rose 0.8% to 6,305.86, although major chipmakers fell. Samsung Electronics dropped 0.9% and SK Hynix declined 1.3%. Analysts said some foreign investors were selling shares in major technology companies to take profits after recent gains and shift money into other sectors, including defense companies. Hong Kong's Hang Seng Index gained 0.6% to 25,810.95, while China's Shanghai Composite was almost unchanged at 3,941.48. Australia's S&P/ASX 200 fell 0.4% to 9,231.00. Taiwan's Taiex rose 1.8%, while India's Sensex gained 0.1%. Oil prices climbed amid renewed concerns over the Middle East. Israel rejected a Gaza deal announced by US President Donald Trump, while details also emerged about a possible agreement between Iran and Oman concerning the Strait of Hormuz. Iran has suggested that vessels linked to countries it considers hostile could be barred from using the strategic waterway. Meanwhile, Yemen's Iran-backed Houthi rebels attacked a government-controlled port on the country's Red Sea coast, raising further concerns about the safety of shipping routes and the possibility of renewed conflict in Yemen. Brent crude, the international benchmark, rose 0.6% to $84.04 a barrel, while US benchmark West Texas Intermediate crude gained 0.5% to $78.58 a barrel. Wall Street ends week higherUS stocks gained on Friday after government data showed employers unexpectedly cut 23,000 jobs last month. The weaker jobs figures raised expectations that the Federal Reserve could delay raising interest rates as it tries to control inflation. The news helped push all three major US indexes to their second consecutive weekly gains, with the S&P 500 reaching another record high. The S&P 500 rose 0.6% to 7,757.64, while the Dow Jones Industrial Average gained 0.3% to 54,036.93. The Nasdaq Composite jumped 1.3% to 26,690.62. The jobs report also raised concerns about household spending as inflation remains high. The government revised its figures for May and June, reducing the combined number of jobs reported for those months by 103,000. Slower job growth makes it more difficult for the Federal Reserve to balance supporting employment with controlling inflation. Higher interest rates can reduce inflation by slowing economic activity, but they can also make borrowing more expensive for businesses. Technology companies again led the gains. Nvidia rose 2.3%, while Broadcom gained 1.7%. The yield on the 10-year US Treasury note fell to 4.64% from 4.67% before the jobs report. The two-year Treasury yield, which is more closely linked to expectations for Federal Reserve policy, dropped to 4.20% from 4.22%. Inflation data in focusInvestors will closely watch several inflation reports this week, particularly the consumer price index (CPI). US consumer inflation is expected to have risen 3.4% in July, slightly slower than the 3.5% increase recorded in June. Inflation has remained above 3% for most of the year. In early Monday trading, the US dollar rose to 158.37 Japanese yen from 157.71 yen. The euro fell to $1.1553 from $1.1568.

Asian stocks were mixed on Friday after US shares pulled back in the previous session, while oil prices climbed more than 1% amid continued uncertainty over the reopening of the Strait of Hormuz. Japan's Nikkei 225 fell 0.3% to 65,500.10, while South Korea's Kospi declined 0.8% to 6,242.88. Taiwan's Taiex also dropped 0.4%. In contrast, China's Shanghai Composite rose 0.8% to 3,931.54 after the country reported that exports increased by around 24% in July. Although growth slowed slightly, demand remained strong for electronics and other high-tech products. China's trade surplus narrowed during the month, while imports also eased. Hong Kong's Hang Seng edged up 0.2% to 25,582.34, while Australia's S&P/ASX 200 slipped less than 0.1% to 9,265.20. On Wall Street, stocks fell Thursday as higher oil prices and a stream of corporate earnings weighed on investors. The S&P 500 declined 0.2%, the Dow Jones Industrial Average dropped 0.9% and the Nasdaq composite lost 0.1%. Brent crude jumped nearly 4% Thursday as uncertainty continued over efforts to reopen the Strait of Hormuz, a key route for global oil supplies. Iran has said it is nearing an agreement with Oman on reopening the strategic waterway, while US President Donald Trump has also previously indicated that a deal could be close. However, negotiations have faced repeated setbacks over the past five months. A reopening could require a compromise, as the Trump administration has rejected any Iranian plan to charge fees to ships. Iran, meanwhile, has insisted on retaining some control over the waterway. Early Friday, Brent crude, the international benchmark, rose 1.6% to $83.78 a barrel, while US benchmark crude gained 1.2% to $78.22. About one-fifth of the world's traded oil and natural gas previously passed through the Strait of Hormuz. Oil prices have climbed as high as $113 a barrel during the conflict, increasing inflationary pressure by raising fuel and shipping costs. Markets remain concerned about the war and the possibility of an investment bubble linked to artificial intelligence. However, stronger-than-expected corporate earnings have eased some worries that US stocks may be overvalued. About 85% of S&P 500 companies have reported their latest earnings, with overall profit growth on track to be the strongest since 2021. Warner Bros. Discovery gained 1.7% after posting better-than-expected earnings, while Molson Coors rose 1.3% following encouraging results. Honeywell Aerospace was among the biggest losers, falling 23.2% after its results came in well below expectations. Digital advertising company AppLovin dropped 19.7% after reporting mixed quarterly results. Meanwhile, SpaceX shares rose 6.1% after a lockup period expired Thursday, making more than 911 million shares held by early investors and employees eligible for sale. That figure is more than twice the number of shares initially offered to the public in the company's initial public offering. SpaceX shares climbed as high as $225 following its market debut in June but have since fallen below the initial offering price of $135. The stock was trading around $115. Investors are also awaiting the US monthly jobs report for July, due Friday. The US labour market remains relatively strong, although hiring growth has slowed. A weekly report released Thursday showed applications for unemployment benefits increased last week, though layoffs remained at historically low levels seen in recent years. Employers added only 57,000 jobs in June. In early Friday trading, the US dollar slipped to 158.35 Japanese yen from 158.42 yen, while the euro was unchanged at $1.1524.

Asian stocks were mixed Tuesday after Wall Street rallied, while oil prices recovered some of their losses following a sharp drop a day earlier. Investors were also assessing the impact of last week’s joint intervention by the United States and Japan to support the Japanese yen, analysts said. Japan’s benchmark Nikkei 225 fell 0.3% to 63,585.58. The US dollar rose slightly to 157.51 yen from 157.18 yen, while the euro was trading at $1.1511, little changed from $1.1514. The dollar had been trading around 160 yen before authorities stepped in to strengthen the Japanese currency after it had fallen close to a 40-year low. Some analysts questioned how effective the intervention would be in the long run, saying it does not address the underlying economic factors driving currency movements, including inflation, interest rates and differences in economic strength. A report by BMI, a unit of Fitch Solutions, said US backing gives the intervention stronger influence than action by Tokyo alone and could make speculators more cautious. However, it said the size of any US contribution would likely be limited. Matthew Ryan, head of market strategy at financial services firm Ebury, said the latest move could have a greater impact because it appears to signal a broader change in monetary policy rather than a one-off effort to defend the yen. "This is an historic and meaningful development for the yen," he said, adding that it has strengthened confidence in the currency’s prospects. South Korea’s Kospi dropped 1.3% to 6,174.72, while Australia’s S&P/ASX 200 rose 1.2% to 9,129.00. Hong Kong’s Hang Seng declined 0.5% to 25,881.99, while the Shanghai Composite edged up 0.2% to 3,802.61. Investors also remained cautious about sharp swings in chipmaker stocks. Such shares have moved up and down in recent weeks amid concerns over whether strong revenues driven by the artificial intelligence boom can continue. On Wall Street, stocks rose strongly Monday as falling oil prices eased some concerns about inflation. The S&P 500 gained 1.5%, leaving it just 0.1% below its record high reached earlier this summer. The Dow Jones Industrial Average climbed 693 points, or 1.3%, to a record high, while the Nasdaq composite jumped 2.1%. In early Asian trading Tuesday, US benchmark crude rose 84 cents to $81.18 a barrel, while Brent crude, the international benchmark, gained $1.15 to $84.92 a barrel. Oil prices had plunged more than 5% a day earlier after US President Donald Trump said over the weekend that he had decided to delay new strikes against Iran following appeals from regional allies. Brent crude prices swung between $72 and $102 a barrel last month as concerns about the Iran war and the movement of oil tankers through the Persian Gulf changed. The yield on the 10-year US Treasury note fell to 4.68% from 4.75% late Friday. However, it remained well above the 3.97% level recorded before the war with Iran.

Asian stock markets ended mixed on Wednesday after a strong performance on Wall Street, as investors weighed gains in technology shares against concerns over rising oil prices and inflation. Japan's Nikkei 225 slipped 0.2% to close at 66,115.60. Government data showed both imports and exports increased compared with a year earlier, helped by the weaker yen, which boosted the value of trade when converted from US dollars. Australia's S&P/ASX 200 rose 0.3% to 8,823.00, while South Korea's Kospi gained 0.7% to 6,797.70. Hong Kong's Hang Seng Index fell 1.1% to 24,866.67, and China's Shanghai Composite edged down by less than 0.1% to 3,861.82. Wall Street closed higher overnight, driven by renewed buying of technology stocks linked to artificial intelligence (AI). The S&P 500 gained 0.9%, the Dow Jones Industrial Average rose 385 points, or 0.7%, and the Nasdaq Composite advanced 1.3%. AI-related shares rebounded for a second straight session after suffering heavy losses last week amid concerns that their prices had risen too quickly. Micron Technology jumped 12.2%, building on the previous day's gains after a sharp decline last week. Nvidia also rose 2%, with both companies among the biggest contributors to the S&P 500's advance. However, higher oil prices continued to worry investors as tensions between the United States and Iran persisted. In early Wednesday trading, US benchmark crude oil rose $1.67 to $86.01 a barrel, while Brent crude, the international benchmark, climbed $1.84 to $92.85 a barrel. Stephen Innes, a market analyst and former trader, said higher oil prices pose a particular challenge for Japan, which relies heavily on imported energy. "A weaker yen and rising crude oil prices are putting extra pressure on the Japanese economy at the same time," he said. In currency trading, the US dollar was little changed at 163.13 Japanese yen, while the euro strengthened slightly to $1.1409. Analysts say rising oil prices could push inflation higher again after recent signs of easing. That may prompt the US Federal Reserve and other central banks to keep interest rates higher for longer or raise them further, a move that could slow economic growth and weigh on global stock markets.

Asian stock markets moved higher on Friday after modest gains on Wall Street, while oil prices continued to rise as uncertainty surrounding the Iran war persisted and diplomatic efforts showed little progress. Oil prices had dropped slightly in US trading on Thursday, helping ease pressure on global bond markets as Treasury yields fell. Earlier this week, rising yields had raised concerns about slower global economic growth and weaker demand for stocks, bitcoin and other investments. Japan’s Nikkei 225 jumped 2.7% to 63,352.44 after data showed inflation slowed to a four-year low of 1.4% in April, despite higher fuel costs linked to the war. South Korea’s Kospi index gained 0.6% to 7,860.59. In Hong Kong, the Hang Seng Index rose 1.2% to 25,685.65, while China’s Shanghai Composite Index added 0.5% to 4,096.24. Australia’s S&P/ASX 200 advanced 0.5% to 8,664.00. Taiwan’s Taiex climbed 1.5%, while India’s Sensex edged up 0.2%. Oil prices remained high due to concerns over disruptions around the Strait of Hormuz, a key route for global oil and gas shipments. Shipping activity in the area remains far below levels seen before the Iran war began in late February. Ongoing talks between the United States and Iran have also failed to provide clarity. Meanwhile, Republicans in Congress faced difficulties on Thursday in gathering enough support to block legislation that would force President Donald Trump to pull the US out of the conflict. Votes on the issue have now been pushed back to June. Brent crude, the global benchmark, rose 1.5% to $104.08 per barrel. Before the war started in February, it was trading around $70 per barrel. US benchmark crude gained 0.9% to $97.25 per barrel. “Markets are still looking for signs of progress in possible US-Iran negotiations,” ING commodities strategists Warren Patterson and Ewa Manthey said in a note Friday. “There are some hopeful signs, but uncertainty still dominates.” On Wall Street, the S&P 500 rose 0.2% to 7,445.72 on Thursday. The Dow Jones Industrial Average gained 0.6% to 50,285.66, while the Nasdaq composite added 0.1% to 26,293.10. Shares of Nvidia fell 1.8% despite reporting stronger-than-expected quarterly earnings driven by demand for artificial intelligence technology. Some analysts said the company’s stock may still be undervalued. Southwest Airlines rose 2.7% and American Airlines gained 4.9% after oil prices briefly eased before climbing again. Shares of Ralph Lauren surged 13.9% following better-than-expected quarterly results. In currency trading early Friday, the yield on the US 10-year Treasury note stood at 4.56%, down from above 4.67% earlier this week when inflation concerns linked to the war pushed yields sharply higher. The US dollar rose slightly to 159.02 Japanese yen from 158.98 yen. The euro slipped to $1.1613 from $1.1619.

Asian stock markets traded mixed on Tuesday as record gains on Wall Street lifted investor sentiment, but concerns over rising oil prices and the ongoing Iran conflict kept markets cautious. Japan’s Nikkei 225 advanced 0.7 percent to 62,881.03. South Korea’s Kospi fell 1.2 percent to 7,726.30, with analysts saying the decline reflected concerns over heavy dependence on artificial intelligence-related stocks. “Global markets are relying too much on a small group of AI companies, making the current rally appear strong but potentially vulnerable,” said Stephen Innes of SPI Asset Management. Australia’s S&P/ASX 200 slipped 0.3 percent to 8,676.60. Hong Kong’s Hang Seng edged up 0.2 percent to 26,467.50, while China’s Shanghai Composite lost 0.4 percent to 4,208.00. Oil prices continued to rise as fears grew that the conflict with Iran could drag on. US benchmark crude gained 91 cents to $98.98 a barrel, while Brent crude, the global benchmark, rose 90 cents to $105.11 a barrel. Investor concerns increased after President Donald Trump said the US-Iran ceasefire was on “life support” following Washington’s rejection of Iran’s latest proposal to end the conflict. The war has pushed Brent crude prices sharply higher from around $70 a barrel before the conflict began, increasing inflation concerns worldwide. Disruptions in the Strait of Hormuz have also delayed oil shipments from the Persian Gulf to global markets. Despite these worries, stronger-than-expected corporate earnings have supported confidence that the US economy remains resilient, even as consumers face higher fuel costs and tariffs. On Monday, the S&P 500 rose 0.2 percent to close at a new record high of 7,412.84. The Dow Jones Industrial Average added 95.31 points, or 0.2 percent, to 49,704.47, while the Nasdaq Composite gained 27.05 points, or 0.1 percent, to a record 26,274.13. In the bond market, the yield on the 10-year US Treasury note increased to 4.40 percent from 4.38 percent late Friday. In currency trading, the US dollar rose to 157.57 Japanese yen from 157.12 yen, while the euro slipped to $1.1761 from $1.1787.

Asian stock markets mostly moved higher on Wednesday, following a strong rally on Wall Street as oil prices declined amid hopes that the United States and Iran may resume talks to end their conflict. Japan’s Nikkei 225 rose 0.4% in afternoon trading to 58,122.52. Australia’s S&P/ASX 200 was nearly unchanged, edging up less than 0.1% to 8,978.70. South Korea’s Kospi jumped 2.1% to 6,092.77. Hong Kong’s Hang Seng gained 0.4% to 25,980.69, while China’s Shanghai Composite slipped slightly by less than 0.1% to 4,023.40. On Wall Street, stocks closed higher, extending gains from the previous session. The S&P 500 climbed 1.2% and is now just 0.2% below its record high set in January. The Dow Jones Industrial Average added 317 points, or 0.7%, while the Nasdaq composite surged 2%. In the oil market, U.S. benchmark crude fell 58 cents to $90.70 per barrel. Brent crude edged up 7 cents to $94.86 after dropping sharply by 4.6% a day earlier. Although prices remain above pre-war levels of around $70, they are well below the peak of $119 reached earlier. Lower oil prices help reduce costs for businesses, but analysts cautioned that the ongoing conflict still poses risks. Tim Waterer, chief market analyst at KCM Trade, said the drop in oil prices reflects growing expectations that Washington and Tehran could restart negotiations after earlier talks failed. He noted that traders appear to be focusing on the possibility of easing tensions rather than current supply concerns. Asian economies remain heavily reliant on oil shipments through the Strait of Hormuz, a key route for crude exports from the Persian Gulf. Any disruption there can tighten global supply and push prices higher. Meanwhile, the International Monetary Fund said global inflation is expected to rise to 4.4% this year from 4.1% in 2025, revising its earlier forecast of a slowdown to 3.8%. The IMF also lowered its global growth outlook to 3.1% from the 3.3% projected in January. Overall, the S&P 500 gained 81.14 points to 6,967.38, the Dow rose 317.74 to 48,535.99, and the Nasdaq added 455.35 to 23,639.08. In the bond market, U.S. Treasury yields declined as easing oil prices reduced inflation concerns. The yield on the 10-year Treasury fell to 4.25% from 4.30%. In currency trading, the U.S. dollar strengthened slightly to 158.95 Japanese yen from 158.79 yen, while the euro slipped to $1.1790 from $1.1797.

Wall Street plunged sharply on Tuesday after US President Donald Trump threatened to impose new tariffs on eight European countries, intensifying tensions over his push to assert American influence over Greenland. The sell-off affected nearly all sectors, extending losses from last week. The S&P 500 fell 143.15 points, or 2.1%, to 6,796.86, marking its steepest decline since October. The Dow Jones Industrial Average dropped 870.74 points, or 1.8%, to 48,488.59, while the Nasdaq composite slid 561.07 points, or 2.4%, to 22,954.32. Technology stocks led the decline, with Nvidia down 4.4% and Apple falling 3.5%. Retailers, banks and industrial companies also lost ground, including Lowe’s (-3.3%), JPMorgan Chase (-3.1%) and Caterpillar (-2.5%). Global markets reacted similarly, with European and Asian indices falling. Japanese long-term bond yields hit record levels amid concerns over fiscal policy. Gold and silver prices surged 3.7% and 6.9% respectively, while bitcoin retreated to around $89,700 from last week’s peak above $96,000. Trump said on Saturday that he would levy a 10% import tax in February on goods from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland. Combined imports from these European nations exceed those from the US’s two largest import partners, Mexico and China. The threat has drawn sharp diplomatic reactions in Europe, with leaders considering countermeasures, including retaliatory tariffs. Analysts warned that such measures could push up inflation, complicating the Federal Reserve’s policy outlook. Investors are also monitoring corporate earnings amid the tariff uncertainty. Industrial giant 3M fell 7% after reporting mixed quarterly results, while other major firms, including Johnson & Johnson, Halliburton and Intel, are expected to release earnings this week.

Markets on Wall Street inched up quietly early Wednesday as President Donald Trump's 50 per cent tariffs on imports of steel and aluminium were due to kick in and US and European trade officials met in Paris to negotiate their tariff spat. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq all rose 0.2 per cent in light trading before the bell, reports AP. Meanwhile, the European Union’s top trade negotiator, Maroš Šefčovič, met Wednesday with his American counterpart, US Trade Representative Jamieson Greer, on the sidelines of a meeting of the Organisation for Economic Cooperation and Development. Šefčovič said talks were "advancing in the right direction at pace.” Few expect Brussels and Washington to reach a substantive trade agreement in Paris because the issues dividing them are too difficult to resolve quickly. There has been no official update on the status of the steel and aluminium tariffs as of early Wednesday morning. Those tariffs are expected to hit a broad range of businesses hard and likely push up prices for consumers. Foreign-made steel and aluminium is used in household products like soup cans and paper clips as well as big-ticket items like a stainless-steel refrigerators and cars. Asian shares shoot higher as US stocks inch toward their records Hopes remain high on Wall Street that Trump will reach trade deals with other countries that will ultimately lower tariffs, particularly with the world’s second-largest economy. The US side said Trump was expecting to speak with Chinese leader Xi Jinping this week. In equities trading, Wells Fargo rose 2.5 per cent after the Federal Reserve lifted its asset cap on Tuesday and said the bank is no longer subject to the harsh restraints placed on it in 2018 for having a toxic sales and banking culture. Shares of Dollar Tree dipped 1.8 per cent before the bell despite Wednesday's strong first-quarter sales and profit report. Investors were spooked by the discount retailer's forecast, which estimated as much as a 50 per cent drop in second-quarter earnings per share due to cost pressures from higher tariffs. CrowdStrike, the cybersecurity company that Delta Air Lines has sued for a technology outage last summer, fell seven per cent after it issued lighter second-quarter guidance than analysts were expecting. Elsewhere, in Europe at midday, Germany’s DAX and the CAC 40 in Paris each gained 0.7 per cent, while Britain’s FTSE 100 inched up 0.2 per cent. South Korea’s Kospi led gains in Asia, jumping 2.7 per cent to 2,770.84 after the liberal opposition candidate Lee Jae-myung was elected president. Tokyo's Nikkei 225 index surged 0.8 per cent to 37,747.45 on gains for technology and pharmaceutical companies. Toyota Motor Corp.'s shares rose 1.9 per cent after it announced it was buying Toyota Industries Corp., a maker of auto parts and lift trucks, for $33 billion and taking it private. Toyota Industries' shares tumbled nearly 12 per cent. Chinese shares were modestly higher. The Hang Seng in Hong Kong added 0.6 per cent to 23,654.03, while the Shanghai Composite index gained 0.4 per cent to 3,376.20. In Australia, the S&P/ASX 200 closed 0.9 per cent higher at 8,541.80. Taiwan's Taiex climbed 2.3 per cent. In energy trading, US benchmark crude oil added three cent to $63.44 per barrel. Brent crude, the international standard, rose five cents to $65.68 per barrel. The US dollar rose to 144.19 Japanese yen from 144 yen. The euro rose to $1.1386 from $1.1370.

Asian markets moved higher on Tuesday after China and the United States agreed to a 90-day pause in their ongoing trade conflict. However, the momentum was limited by lingering uncertainty, as analysts cautioned that President Donald Trump’s policies could still shift unexpectedly. In a joint announcement, both countries said they would lower tariffs — the U.S. reducing duties on Chinese imports to 30% from a peak of 145%, while China would drop its tariffs on American goods to 10% from 125%. The temporary truce allows additional time for continued negotiations following recent talks in Geneva, Switzerland, which the U.S. described as having made "substantial progress." “The result exceeded most expectations and offered reassurance to investors,” said Stephen Innes of SPI Asset Management. “Make no mistake, this was highly stage-managed diplomacy. But the optics are good and the implications real. It signals that even this administration recognizes the economic drag of unrelenting tariffs,” he said in a commentary. Tokyo’s Nikkei 225 jumped 1.8% to 38,326.37. Automakers were among the big gainers, with Toyota Motor Corp. up 3.7% and Suzuki Motor Corp. 4.6% higher. Nissan Motor Co. added 3.2% after Japan’s national broadcaster NHK said it plans to lay off more than 10,000 of its workers, raising the total to 20,000, as part of its restructuring efforts. The company was due to announce its financial results for the last fiscal year later Tuesday. The Kospi in South Korea gained 0.2% to 2,612.30. Gold price reduced by Tk3137 per bhori, effective from Tuesday  Hong Kong’s Hang Seng, which gained 3% a day earlier after Chinese and U.S. officials announced the agreement to pause tariffs and reduce them, fell 0.7% to 23,374.06 on heavy selling of technology shares. The Shanghai Composite index edged 0.2% higher to 3,374.93. Taiwan’s Taiex jumped 1.9%. Australia’s S&P/ASX 200 climbed 0.6% to 8,281.40. On Monday, the world’s two largest economies agreed to take down temporarily most of their tariffs against each other. The S&P 500 shot up 3.3% to pull back within 5% of its all-time high set in February. It’s been roaring higher since falling nearly 20% below the mark last month on hopes that President Donald Trump will lower his tariffs after reaching trade deals with other countries. Closing at 5,844.19, the index at the heart of many 401(k) accounts is back above where it was on April 2, Trump’s “Liberation Day,” when he announced stiff worldwide tariffs that ignited worries about a potentially self-inflicted recession. The Dow Jones Industrial Average jumped 1,160 points, or 2.8%, to 42,410.10. The Nasdaq composite surged 4.3% to 18,708.34. A global economy less burdened by tariffs will likely burn more fuel, so the agreement to scale back tariffs by more than what many investors expected also boosted oil prices. But early Tuesday, they fell back. U.S. benchmark crude oil lost 6 cents to $61.89 per barrel. Brent crude, the international standard, shed 8 cents to $64.88 per barrel. The value of the U.S. dollar strengthened against everything from the euro to the Japanese yen to the Swiss franc. And Treasury yields jumped on expectations that the Federal Reserve won’t have to cut interest rates as deeply this year as earlier expected. Early Tuesday, the dollar was trading at 147.98 Japanese yen, down from 148.47 yen. But it gained against the euro, climbing to $1.1101 from $1.088. The move announced Monday could add 0.4 percentage points to the U.S. economy’s growth this year, according to Jonathan Pingle, U.S. chief economist at UBS. The U.S. economy shrank at a 0.3% annual rate in the first three months of the year.