Societe Generale in its early Tuesday economic news summary pointed out:

-- US dollar steady, 10-year United States Treasury slips to 4.34%. Treasury Secretary Bessent plays down recent bond sell-off, rejects claim of international investors dumping USTs, blames deleveraging, says has tools to address dislocation if needed.

-- President Trump floats exemptions for 25% tariffs on auto parts (starting May 3). The U.S. administration launches national security probe into imports of semiconductor and pharmaceutical goods in bid to impose tariffs on both sectors.

-- United Kingdom's February average earnings, excluding bonuses, up 0.1pp to 5.9% 3m/yoy in February. Private sector steady at 5.9%. Employment up 206,000, the strongest since October. Unemployment rate unchanged at 4.4%.

-- Day ahead: Germany's ZEW survey, eurozone industrial production. European Central Bank banking lending survey. Canada's and India's consumer price index. Germany and U.K. benchmark auctions, Citi and BofA Q1 earnings.

-- Nikkei +0.9%, EUR 10-year IRS -1.5bps at 2.485%, Brent crude +0.3% at $65.1/barrel, Gold +0.6% at $3,226/oz.