A report Friday said sentiment among U.S. consumers sank in April, though not by as much as economists expected. The survey from the University of Michigan said its measure of expectations for coming conditions has dropped 32% since January for the steepest three-month percentage decline seen since the 1990 recession.

Asian markets have inched higher as investors wait to see what comes of negotiations over U.S. President Donald Trump’s tariffs

Asian shares inched higher Monday in cautious trade as investors awaited clarity on U.S. President Donald Trump’s plan for tariffs on Chinese goods. Trading volumes remained low as markets around the region paused to assess the latest signals from Washington and Beijing.