In Asian Equity Markets stocks fell on Tuesday tracking steep declines in Wall Street amid growing expectations that the Fed will maintain its pace of sharp interest rate hikes. Technology-heavy indexes including Hong Kong’s Hang Seng, the Taiwan Weighted Index, and South Korea’s KOSPI were the worst performers in morning trade, losing between 0.8 percent and 1 percent. China’s blue-chip Shanghai Shenzhen CSI 300 index fell 0.6 percent, while the Shanghai Composite index shed 0.3 percent. Japan’s Nikkei 225 fell 1 percent.

In Currency Markets the euro fell to a fresh two-decade trough on Tuesday as Europe was buffeted by concerns about energy supply and economic growth, while the dollar held firm against major peers, supported by safe-haven flows. The euro hit $0.9909, its lowest since late 2002, and was last down 0.29 percent at $0.9914. The pound was similarly dragged to a new two-and-a-half-year low of $1.1729, while the Japanese yen steadied at 137.270 per dollar after touching a one-month low of 137.705 earlier in the day.

In US Equity Markets stocks ended sharply lower on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out inflation. The S&P 500 declined 2.14 percent to end the session at 4,137.99 points. The Nasdaq declined 2.55 percent to 12,381.57 points, while Dow declined 1.91 percent to 33,063.61 points. All 11 S&P 500 sector indexes declined, led lower by consumer discretionary, down 2.84 percent, followed by a 2.78 percent loss in information technology.

In Commodities Markets oil prices bounced off session lows to trade nearly flat in a volatile session on Monday as markets weighed Saudi Arabia’s warning that OPEC+ production could cut output against the possibility of a nuclear deal that could return sanctioned Iranian oil to the market. Brent crude futures for October settled at $96.48 per barrel, down 0.25 percent. U.S. WTI crude for September delivery was down 0.6 percent, at $90.23. Spot gold was down 0.6 percent at $1,736.74 per ounce. Spot silver fell 0.3 percent to $18.96. Platinum lost 2.3 percent to $875.42, while palladium sank 6.2 percent to $1,992.18.

In European Equity Markets stocks fell to their lowest level in nearly one month on Monday as worries about tightening gas supplies from Russia, hawkish signals from the European Central Bank and weak economic outlook weighed on investors’ minds. The continent-wide STOXX 600 fell 1.0 percent to touch its lowest level since July 28. Uniper, Germany’s top importer of Russian gas, declined 7.7 percent to hover near a record low, while its parent Fortum fell 4.4 percent. Germany’s DAX index lost 2.3 percent for its worst session in nearly seven weeks.

In Bond Markets U.S. Treasury yields rose on Monday, as investors awaited a Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce the central bank’s commitment to stamping out inflation. The benchmark 10-year yield hit a five-week high of 3.039 percent, while the 30-year yield climbed to a seven-week peak of 3.268 percent. The two-year U.S. Treasury yield was up 7 basis points at 3.335 percent. The breakeven rate on five-year U.S. Treasury Inflation-Protected Securities (TIPS) was last at 2.8320 percent, down about 44 bps from 3.2456 percent hit in mid-June.