In Asian Equity Markets stocks fell on Monday amid fears of worsening Sino-U.S. relations after the shooting down of a suspected Chinese spy balloon, while markets also reassessed their outlook on U.S. monetary policy following strong payrolls data. Chinese markets were among the worst performers for the day, with the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes losing 1.7 percent and 1 percent, respectively. Hong Kong’s Hang Seng index also fell 2.2 percent. Other tech-heavy indexes lost on Monday, with South Korea’s KOSPI and the Taiwan Weighted index down about 1 percent each.

In Currency Markets the dollar held firm on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news that Bank of Japan Deputy Governor Masayoshi Amamiya was being sounded out to be the next governor. The yen weakened 0.42 percent to 131.75 per dollar, having touched three-week lows of 132.60 earlier in the session. The euro was up 0.02 percent at $1.0795. Sterling last fetched $1.2057, up 0.05 percent on the day. The Australian dollar rose 0.36 percent to $0.694, while the kiwi was down 0.08 percent to $0.633.

In US Equity Markets stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. The Dow fell 0.38 percent, to 33,926.01, the S&P 500 lost 1.04 percent, to 4,136.48 and the Nasdaq Composite fell 1.59 percent, to 12,006.96. Shares of Amazon lost 8.4 percent as the company said operating profit could fall to zero in the current quarter as savings from layoffs do not make up for the financial impact of consumers and cloud customers clamping down on spending.

In Commodities Markets oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell 2.7 percent, to $79.94 a barrel, after rising to a session high of $84.20. U.S. WTI crude ended down 3.3 percent, at $73.39. Spot gold fell 2.6 percent to $1,863.66 per ounce. Elsewhere, spot silver fell 4.9 percent to $22.33 per ounce, platinum was down 4.7 percent to $973.17, while palladium fell 1.6 percent to $1,628.43.

In European Equity Markets stocks rose on Friday, boosted by gains in healthcare and energy firms, as optimism over the outlook for the region’s economy overshadowed concerns about U.S. interest rates staying elevated for longer than expected. The pan-European STOXX 600 reversed early losses and ended up 0.3 percent at its highest since April last year. Healthcare stocks led gains on the STOXX 600 on Friday, rising 1.5 percent on a boost from shares of large drugmakers such as Novo Nordisk and Roche Holding. London’s blue-chip FTSE 100 closed up 1 percent.

In Bond Markets U.S. Treasury yields jumped higher on Friday after a report that showed job growth rose in January, further complicating the Federal Reserve’s attempts to soften the labor market to bring inflation down. The yield on 10-year Treasury notes was up 10.3 basis points to 3.501 percent, erasing the gains for the week. The yield on the 30-year Treasury bond was up 5.9 basis points to 3.614 percent. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 15.9 basis points at 4.249 percent.