In Asian Equity Markets stocks kept to a tight range on Tuesday as traders awaited more cues on U.S. monetary policy from a slew of Fed indicators this week, while focus also remained on a Chinese economic recovery. Hong Kong’s Hang Seng index was the worst performer for the day, falling 1.6 percent on losses in heavyweight technology stocks. Australia’s ASX 200 index fell 0.2 percent, dragged lower by losses in major miner BHP Group Ltd after it logged a decrease in its half-year profit. Japan’s Nikkei 225 index fell 0.2 percent.

In Currency Markets the dollar was parked below recent peaks on Tuesday, as a three-week rally faded and traders waited on economic data to figure out whether it’s warranted to push the dollar up any further. The dollar stood steady at 132.24 yen and $1.0666 euro, with the common currency finding strong support above $1.06. The Aussie fell about 0.3 percent to $0.6893, showing little reaction to minutes showing central bankers did not consider pausing hikes at February’s meeting. The New Zealand dollar held at $0.6246 ahead of a central bank meeting on Wednesday. Sterling was steady at $1.2023.

In U.S., Equity Markets were closed in observance of Presidents’ Day.

In Commodities Markets oil prices rose over 1 percent on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply. Brent crude settled up 1.3 percent, at $84.07 a barrel. U.S. West Texas Intermediate crude (WTI) for March, which expires on Tuesday, last rose 1.1 percent, at $77.19. Spot gold was up 0.2 percent to $1,845.93 per ounce. Spot silver rose 0.4 percent to $21.80 per ounce, platinum jumped 1.4 percent to $929.53 and palladium was up 1.3 percent to $1,517.87.

In European Equity Markets stocks inched higher on Monday, with sustained gains in miners on bets of a demand recovery in China offsetting a fall in industrials and shares of Telecom Italia. The pan-European STOXX 600 index closed 0.1 percent higher ahead of a slew of economic data due later this week. Industrials and rate-sensitive technology stocks fell 0.3 percent and 0.6 percent, limiting gains on the STOXX 600. Telecom Italia fell 2.7 percent as a government-sponsored offer rivalling KKR’s bid for the former phone monopoly’s prized grid failed to materialise over the weekend.

In Bond Markets Euro zone government bond yields held close to their highest levels in over a decade on Monday, as investors scaled back expectations of a short monetary tightening cycle. Germany’s 10-year government bond yield, the bloc’s benchmark, was little changed at 2.457 percent. It hit 2.569 percent, its highest since August 2011, at the beginning of January. The German 2-year yield rose 1 basis point (bp) to 2.89 percent after hitting a new 14-year high of 2.943 percent last Friday. Italy’s 10-year government bond yield, seen as the benchmark for the euro area periphery, rose 3 bps to 4.33 percent.