In Asian Equity Markets stocks mostly eased on Monday after stunningly strong U.S. jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve. The cautious mood saw MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.3 percent. Japan’s Nikkei fell 0.8 percent and South Korea 0.4 percent. China returned from the Lunar New Year break with jumps in equities and commodities, with the blue-chip CSI300 and Shanghai Composite both up 1.6 percent and 2 percent respectively and metals and iron ore rallying in Shanghai.

In Currency Markets the dollar was up on Monday morning in Asia, with the euro near a three-week high hit during the previous week. Investors continued to digest the European Central Bank (ECB)’s hawkish turn while saying further short-term gains are less likely as the U.S. Federal Reserve’s imminent interest rate provided support to the dollar. Against the Japanese yen, the dollar inched up 0.07 percent to 115.28. Sterling inched down 0.02 percent to $1.3527. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.07 percent to 95.545.

In US Equity Markets stocks were mixed on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. The Dow fell 0.06 percent, to 35,089.74, the S&P 500  gained 0.52 percent, to 4,500.53 and the Nasdaq Composite added 1.58 percent, to 14,098.01. Snap Inc rose 58.8 percent after reporting better-than-expected fourth-quarter user growth and outlook. Amazon.com Inc jumped 13.5 percent after reporting robust earnings in the holiday quarter.

In Commodities Markets oil prices rose to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers. Brent crude rose 2.4 percent, to settle at $93.27 a barrel. U.S. West Texas Intermediate crude ended 2.3 percent, higher at $92.31 a barrel. Spot gold was up 0.1 percent at $1,805.95 per ounce. Silver rose 0.2 percent to $22.44 per ounce, platinum fell 1.1 percent to $1,021.96 and palladium declined 1.2 percent to $2,297.63.

In European Equity Markets stocks fell on Friday, with automobile stocks hitting a one-month low on the prospect of tougher emissions tests, while a hawkish shift from the ECB continued to rattle markets. The pan-European STOXX 600 closed 1.4 percent lower. Bank stocks were the best performers this week, up 2.4 percent, given they benefit from a higher-rate environment. Danish brewer Carlsberg rose 0.5 percent after posting quarterly sales above expectations, while Spanish power and gas group Naturgy fell 1.2 percent despite a slight beat on its 2021 earnings guidance.

In Bond Markets yields of benchmark 10-year U.S. Treasuries hit their highest levels since December 2019 on Friday after strong payrolls data showed that the U.S. economy added 467,000 jobs last month. The yield on 10-year Treasury notes was up 9.8 basis points to 1.925 percent. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 12.8 basis points at 1.320 percent, its highest level since February 2020. The yield of 10-year TIPS rose above negative 0.5 percent for the first time since June, 2020.