In Asian Equity Markets Japanese stocks rose on Monday led by tire makers and shippers, following the weekend’s solid finish on Wall Street, though gains were capped as investors remained cautions ahead of the U.S. Fed’s meeting this week. The Nikkei index gained 0.37 percent to 29,055.20, after trimming gains of as much as 0.9 percent earlier in the session. The broader Topix rose 0.19 percent to 1,957.89. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent. Activity was limited with the region’s largest markets – China, Hong Kong and Australia – closed for a holiday.

In Currency Markets the U.S. dollar held steady against major currencies on Monday after posting its biggest weekly gain in more than a month, as traders closed short positions ahead of a Federal Reserve policy meeting this week. The greenback was trading little changed at $1.21075 against the euro in Asia, after touching an almost one-month top of $1.2093 in the previous session, amid caution ahead of the Fed meeting that runs two days to Wednesday. The yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4. The dollar index was mostly flat at 90.510.

In US Equity Markets stocks were mixed on Friday marked with few market-moving catalysts and lingering concerns over whether longer-term inflation could prompt the U.S. Federal Reserve to tighten its dovish policy sooner than expected. The Dow fell 0.12 percent, to 34,426.08, the S&P 500 gained 0.04 percent, to 4,240.69 and the Nasdaq Composite added 0.13 percent, to 14,039.01. Among the 11 major sectors in the S&P 500, rebounding financial stocks and tech were leading the gainers, while healthcare suffered the biggest percentage decline.

In Commodities Markets oil prices rose on Friday to multi-year highs, heading for a third straight week of gains on the improved outlook for worldwide demand as rising vaccination rates lead to a lifting of pandemic curbs. Brent crude futures rose 17 cents to settle at $72.69 a barrel. U.S. crude futures settled up 62 cents at $70.91 a barrel. Spot gold fell 1.2 percent to $1,875.31 per ounce. U.S. gold futures settled 0.9 percent lower at $1,879.6. Palladium rose 0.2 percent to $2,783.10 per ounce and platinum fell 0.3 percent, to $1,147.08 per ounce. Meanwhile, silver was steady at $27.96 an ounce.

In European Equity Markets stocks scaled a record high on Friday, buoyed by hopes that major central banks will remain accommodative despite signs of rising inflation, while a rally in miners boosted UK stocks. The pan-European STOXX 600 index rose 0.7 percent in its sixth straight session of gains and ended the week 1.1 percent higher, its best weekly performance since early May. Miners rose 1.9 percent, lifting UK’s commodity-heavy FTSE 100 by 0.7 percent after data showed Britain’s economic output in April was a record 27.6 percent larger than a year before.

In Bond Markets benchmark 10-year U.S. Treasury yields were close to their biggest weekly decline in a year on Friday as the market deemed a spike in inflation to be transitory, squeezing bears out of short positions. The 10-year yield, which falls when prices rise, was nearly unchanged at 1.4603 percent on Friday afternoon after touching as low as 1.428 percent earlier in the session, its lowest since early March. At the long end of the curve, the 30-year yield was at 2.1462 percent and touched as low as 2.122 percent, the lowest since late February.