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(Reuters) -Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies and some caution over whether the pause in the U.S.-China trade war indicated a longer-term deal was likely. Brent crude futures dropped 11 cents, or 0.2%, to $64.85 per barrel by 0510 GMT. U.S. West Texas Intermediate (WTI) crude fell 8 cents, or 0.1%, to $61.87.

The stock market surged higher after the latest U.S.-China trade war

TOKYO (Reuters) -The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy weighs on the economy, its deputy governor Shinichi Uchida said on Tuesday, signalling the bank's resolve to maintain its rate-hike stance. While U.S. tariffs are likely to hurt Japan's economic growth, the BOJ will continue to raise interest rates if the economy and prices improve after a period of stagnation, as the board projects, Uchida told parliament. The BOJ will scrutinise the economic fallout from U.S. trade policy "without pre-conception" as uncertainty surrounding the outlook was extremely high, Uchida added.

Consumers shrugged off anxiety over effect of US tariffs as card spending grew by 4.5% year on year

Oilfield services providers are bracing for impact as several large E&P firms are cutting back on drilling programs.

Stocks closed higher Monday as the U.S. and China moved to de-escalate their trade war, with investors eager for signs of a lasting agreement.

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