US officials said Iran's response was ineffective, according to Saudi outlet Alhadath.

According to the Financial Times, European Commission competition director-general Anthony Whelan said the EU is increasingly willing to consider large-scale corporate mergers because such deals can boost investment and innovation, secure supply chains and strengthen the EU’s competitiveness.

The Australian economy appears to be signalling stagnation. Two consumer-confidence measures on Tuesday showed household sentiment turned pessimistic and business conditions fell into negative for the first time since the pandemic. Against a backdrop of global shocks that have lifted expectations for further rate hikes and weighed on house prices, the data suggest growth is losing momentum. Markets will focus on upcoming employment data for further signals on the outlook.