Oil prices fell on Tuesday as demand concerns driven by COVID19 outweighed hopes that U.S. lawmakers and the White House were nearing an agreement on a new stimulus package to revive the world's biggest economy.LVMH countersued Tiffany & Co on Monday, arguing the iconic U.S. jeweler's financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed $16 billion (£12.46 billion) acquisition of the company.Britain's Brexit supremo, Michael Gove, said on Monday that the clauses of the Internal Market Bill that undercut the Withdrawal Treaty would remain, despite a demand from the European Union that London scrap them.The European Union and Britain both said a postBrexit deal was still some way off and differences persisted on Monday over putting in place their earlier divorce deal as they began a decisive week of talks in Brussels.Asian markets largely opened higher on Tuesday, building on newfound momentum after bargain hunters helped a recovery in U.S. markets in the wake of last week's selloff.The U.S. government's over $4 trillion (£3.12 trillion) annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners.Income inequality in the United States narrowed in the first three years of the Trump administration as rising wages and a low unemployment rate fueled gains for lowerincome and less educated families, according to U.S. Federal Reserve data released on Monday.
