In Asian Equity Markets stocks recovered sharply from recent losses on Thursday as affirmations of more Chinese stimulus boosted regional sentiment, with Hong Kong’s Hang Seng index leading gains after Micheal Burry’s Scion Asset Management was seen buying heavily into local players. The Hang Seng index rose over 2 percent and was the best performer for the day. South Korea’s KOSPI and the Taiwan Weighted index rose 1.8 percent and 0.9 percent, respectively, while China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes added 1 percent and 0.8 percent, respectively.

In Currency Markets the U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s gains after better-than-expected U.S. retail sales pointed to more interest rate hikes by the Federal Reserve. The Dollar Index traded 0.2 percent lower at 103.675, after hitting a near six-week high of 104.11 in the previous session. The euro rose 0.1 percent to $1.0700. Sterling rose 0.1 percent to $1.2034, edging higher after sliding more than 1 percent in the previous session. Against the Japanese yen, the dollar fell 0.1 percent to 133.94. The Aussie dollar rose 0.2 percent to $0.6915.

In US Equity Markets the S&P 500 ended higher on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, but gains were capped as investors worried about more interest rate hikes by Federal Reserve in the months ahead. The S&P 500 climbed 0.28 percent to end the session at 4,147.61 points. The Nasdaq gained 0.92 percent to 12,070.59 points, while Dow rose 0.11 percent to 34,128.05 points. Shares of Airbnb Inc rose over 13 percent after the company posted forecast-beating results due to strong travel demand.

In Commodities Markets oil futures were flat to lower on Wednesday as the U.S. dollar strengthened and investors worried that rising interest rates would slow the economy and cut fuel demand. Brent futures slid 0.2 percent, to $85.38 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.6 percent, to $78.59. Spot gold fell 1 percent to $1,835.39 per ounce. U.S. gold futures settled 1.1 percent lower at $1,845.30. Spot silver fell 1 percent to $21.63 per ounce, platinum was down 1.8 percent to $914.34 and palladium fell 2.1 percent to $1,465.80.

In European Equity Markets stocks ended higher on Wednesday, as gains in luxury firms pushed France’s blue-chip index close to its record high level, offseting concerns that strong U.S. data would pave the way for further monetary tightening by the Federal Reserve. The pan-European STOXX 600 index closed 0.4 percent higher, with a 1.5 percent jump in Paris-listed luxury firm LVMH among the biggest boosts. France’s CAC 40 index rose 1.2 percent to 7,300.86, coming within a whisker of its all-time high of 7,384.86 hit in January last year. UK’s export-oriented FTSE 100 index climbed 0.6 percent.

In Bond Markets U.S. Treasury yields jumped higher on Wednesday after data that showed retail sales rose in January, further complicating the Federal Reserve’s efforts to slow economic growth and hamper inflation. The yield on 10-year Treasury notes was up 4.6 basis points to 3.8068 percent, its highest since Jan. 3. The yield on the 30-year Treasury bond was up 4.4 basis points to 3.846 percent. The yield on two-year notes was up just 0.2 basis points on Wednesday, but at 4.624 percent was still higher than longer-dated notes.