Hugh Leask

Oil prices edged lower early Tuesday after rising overnight, following Monday's sharp sell-off, as investors continue to await further details on the U.S.-Iran agreement to bring the Middle East conflict to an end.

Key Points Central banks are set to increase their gold reserves over the next year, according to a new World Gold Council survey.

Key Points The Swiss National Bank is prepared to counter any fresh upward pressure on the Swiss franc, having increased its willingness to intervene in FX markets since the Iran war.

U.K. Prime Minister Keir Starmer is expected to set out a timetable for his departure later.

U.K. Prime Minister Keir Starmer announced Monday that he will stand down as Labour leader and prime minster, ending months of political turmoil and opening a contest to replace him.

Key Points J.D. Vance said negotiations between the U.S. and Iran had made “very good progress”, but acknowledged there had been “threatening and whining.”

The private markets giant said it will cap withdrawals at 5% of shares in the Apollo Debt Solutions vehicle, after investors rushed to pull out about $2.4 billion, or 16.8%, during the three-month period.