April 10, 2026
United States:
US CPI Surges 0.9% in Largest Monthly Jump Since 2022 on Gas
US inflation surged in March by the most in nearly four years as the war with Iran sent gasoline prices skyrocketing.
The consumer price index rose 0.9% from February, according to data out Friday. From a year ago, it picked up to 3.3%, the strongest pace since 2024.
Europe:
EU and US Near Critical Minerals Deal to Combat Chinese Control
The European Union and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies.
The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China.
Asia:
Asia Economic Growth to Slow Even If Oil Stabilizes, ADB Warns
Economic growth across Asia will likely slow even if oil prices stabilize in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, according to the Asian Development Bank.
The US and Israeli war on Iran is projected to halt developing Asia’s economic upswing, with the region’s gross domestic product expansion seen moderating to 5.1% this year from 5.4% in 2025, the ADB said in its Asian Development Outlook report released Friday.
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