Caroline Hepker

And I'm Caroline Hepker.

President Trump and Prime Minister Narendra Modi have agreed a surprise deal to slash US tariffs on India.

American levies on Indian goods are being cut from 25% down to 18%, while an additional 25% punitive duty tied to purchases of Russian oil is being scrapped.

Writing on social media, President Trump said India had agreed to buy $500 billion of US goods and halt crude purchases from Russia as part of the deal.

Speaking to Bloomberg, India's chief economic advisor, Ananta Nagaswaran, hailed the boost to Indian markets and the economy.

That was India's chief economic advisor, Ananta Nagaswaran.

At 18%, India's tariff is now lower than most Southeast Asian countries.

The UK's Metropolitan Police says that it's reviewing reports that Peter Mandelson committed misconduct in public office following the latest release of Epstein files.

Documents appear to show that the former UK ambassador to the US leaked sensitive government information to the convicted sex offender while serving as a minister in Gordon Brown's Labour government.

With more, here's Bloomberg's Chris Pitt.

France's parliament has adopted a budget for 2026 after the Prime Minister survived two no-confidence votes.

The new legislation has smaller spending cuts and tax increases than earlier proposals, meaning that the deficit for the year will be larger than initially planned.

But the concessions mean that Prime Minister Sébastien Le Corneau has avoided the fate of his predecessors, who were both forced to resign by the National Assembly in disagreements over austerity measures.

The French budget adoption is expected to bring more political calm as opposition parties shift their focus to municipal elections in March and then the French presidential vote in 2027.

And those are a few of our top stories for you this morning.

Right, let's get to the markets right now.

So, after a volatile three days in gold markets, we actually see spot bullion prices up this morning by 3.5%.

India's Sensex, after the trade agreement between Modi and Trump, up 3% this morning.

And Barney Group seeing some relief.

South Korean stocks also hitting a record high on Tuesday.