In Asian Equity Markets stocks rose on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while sterling flirted with two-weeks high on hopes the Bank of England may further delay plans for quantitative tightening. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.55 percent, while Japan’s Nikkei rose 1.59 percent. China’s stock market nudged higher, up 0.2 percent as the Chinese ruling Communist Party’s twice-a-decade congress remains in session this week.

In Currency Markets most currencies moved little on Tuesday as the dollar steadied from overnight losses, while the New Zealand dollar rose after higher-than-expected inflation data pushed up expectations of more interest rate hikes. The dollar index rose 0.2 percent on Tuesday from a 1-½ week low. The Japanese yen rose 0.1 percent to the dollar, but traded near its worst level since 1990 as a growing rift between local and U.S. interest rates continued to weigh. The New Zealand dollar jumped 0.6 percent to the greenback.

In US Equity Markets stocks kicked off the trading week on Monday with a rally after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, which lifted optimism about the corporate earnings season. The Dow rose 1.86 percent, to 30,185.82, the S&P 500 gained 2.65 percent, to 3,677.95 and the Nasdaq Composite added 3.43 percent, to 10,675.80. The S&P 500 banks index was up 3.48 percent, while each of the 11 major S&P 500 sector were higher.

In Commodities Markets oil prices held steady on Monday in choppy trading as fears that high inflation and energy costs could drag the global economy into recession offset China’s continuation of loose monetary policy. Brent crude futures were down 0.01 percent, to $91.62 a barrel. U.S. West Texas Intermediate crude was down 0.2 percent, at $85.46. Spot gold was up 0.9 percent at $1,656.25 per ounce. Elsewhere, spot silver climbed 2.5 percent to $18.72 per ounce after posting eight consecutive daily losses. Platinum rose 1.7 percent to $913.77 and palladium added 0.6 percent to $1,998.82.

In European Equity Markets stocks climbed on Monday, buoyed by banks and real estate companies as investors cheered the reversal of Britain’s fiscal plan that had sent jitters across the markets. The region-wide STOXX 600 index ended 1.8 percent higher, extending gains for a third straight session. London’s blue-chip FTSE 100 index gained 0.9 percent after the new finance minister Jeremy Hunt scrapped most of Prime Minister Liz Truss’s 45 billion pounds of unfunded tax cuts that led to market turmoil and forced the Bank of England to intervene.

In Bond Markets U.S. Treasury yields on the long end of the curve turned higher on Monday, in a flows-driven market with generally thin volume, as investor worries eased a bit after new finance minister Jeremy Hunt reversed most of Prime Minister Liz Truss’s economic growth plan. The yield on 10-year Treasury notes was up 1.3 basis points at 4.019 percent. U.S. 30-year Treasury bond was up 4.3 basis points at 4.018 percent. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 4.9 basis points at 4.458 percent.