Nick Koreshi

America agrees a trade deal with India, but the devil may be in the detail.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

Hello, I'm Nick Koreshi.

Has Donald Trump really pulled off another of his much-touted trade agreements?

The US President announced that America would cut tariffs on goods imported from India and said in return India had promised not to buy any more Russian oil.

Trouble is, when Prime Minister Narendra Modi announced the tariff reduction, he did not mention anything about Russia or its oil.

Here's the BBC's Asia business correspondent, Ashna Shukla.

Hi, Ashna.

Hi, Nick.

Give us some details then about this trade deal.

Could there be a reason, Archana, why Narendra Modi would promise President Trump various things but not want to make that public?

Archana Shukla, thanks for joining us on Marketplace.

That takes us to the numbers.

And stock markets are reacting well to that deal.

India's Nifty 50 trading up 2.7%.

And after a big fall in the price of gold and silver on Friday and Monday, support for precious metals has returned this morning in early trading.

On Tuesday, the value of gold jumped by over 6%, its biggest daily rise since November 2008.

To Venezuela next, where last week a law was passed opening the country's oil industry to foreign investment.

This was a key White House demand following military action last month.

The BBC's Norberto Paredes is the first international journalist to report from the country's decaying oil heartland since the removal of President Nicolas Maduro, where people are hoping the industry's revival will once again bring jobs and prosperity.