In Asian Equity Markets stocks sank on Tuesday as fears of rising U.S. interest rates continued to batter regional sentiment, although markets held out for data this week that could signal a Chinese economic recovery. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 0.1 percent. Hong Kong’s Hang Seng index fell 0.4 percent. The Taiwan Weighted index sank 0.7 percent, also taking cues from the weak export data. Japan’s Nikkei 225 index was flat as data showed industrial production in the country slowed sharply in January.

In Currency Markets the U.S. dollar resumed its rally on Tuesday following a brief pause at the start of the week, putting it back on track to end the month with an impressive gain after a four-month losing streak. The euro was last 0.22 percent lower at $1.0585, having similarly risen 0.6 percent in the previous session on the news. Elsewhere, sterling gave up some gains from the previous session, falling 0.18 percent to $1.2041. The kiwi fell 0.3 percent to $0.61475, while the Aussie lost 0.28 percent to $0.6720. The dollar index rose 0.18 percent to 104.84.

In US Equity Markets stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week’s losses, the biggest percentage declines of 2023 for Wall Street’s main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. The Dow rose 0.22 percent, to 32,889.09, the S&P 500 gained 0.31 percent, to 3,982.24 and the Nasdaq Composite added 0.63 percent, to 11,466.98. U.S. railroad operator Union Pacific climbed 10.09 percent as Chief Executive Lance Fritz said he would step down.

In Commodities Markets oil prices slid about 1 percent on Monday as strong U.S. economic data had investors bracing for more interest rate hikes from the U.S. Federal Reserve to fight inflation, which could slow economic growth and oil demand. Brent futures fell 0.9 percent, to settle at $82.45 a barrel, while U.S. WTI crude fell 0.8 percent, to settle at $75.68. Spot gold rose 0.4 percent to $1,817.69 an ounce. Spot silver fell 0.5 percent to $20.67 per ounce. Platinum climbed 3.3 percent to $939.58, and palladium gained 1.7 percent to $1,427.67.

In European Equity Markets stocks rose on Monday, supported by gains across all major sectors, rebounding from its biggest weekly decrease of 2023 on fears of more U.S. and euro zone interest rate hikes. The blue-chip index added 1.1 percent by close. European retailers rose 2.0 percent, led by a 4.2 percent increase in shares of Hennes & Mauritz. Associated British Foods climbed 1.4 percent as the Primark owner raised its full-year financial outlook following a strong first-half performance. Italy’s UniCredit SpA added 4.6 percent on its inclusion to the Euro STOXX 50 index.

In Bond Markets U.S. Treasury yields declined on Monday as some investors saw recent weakness in U.S. government bonds as a buying opportunity, but fears of higher interest rates continued to be a top concern. U.S. Treasury 10-year yields were last seen at 3.921 percent, down nearly three basis points from Friday. Two-year yields, which more closely track investor expectations on the path of interest rates, were about one point lower at 4.792 percent.