United States
Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.
U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday
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When asked about the UK, the US president said that trade issues with the UK could be worked out
Governor Abbott vowed to protect Texas from foreign threats, restricting potentially harmful foreign technologies
On Saturday, Trump levied 25 percent tariffs on Canadian and Mexican imports and 10 percent on goods from China starting February 4
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
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Attention focused on key U.S. PCE inflation data later today for clues on interest rates
Eurozone stagnation due to industrial recession leads ECB to continue its easing trajectory
Earlier in the session, gold prices hit an all-time high of $2,799.71
