In Asian Equity Markets Japanese stocks closed higher on Tuesday, driven by tech stocks after a strong Wall Street finish overnight, even as benchmark equity indexes gave up most of their early gains in afternoon trade weighed down by weakness in U.S. futures. The Nikkei index gained 0.28 percent to 27,078.48, after rising as much as 1.5 percent earlier in the session. The broader Topix inched up 0.01 percent to 1,896.06. Australia stocks were higher after the close on Tuesday, as gains in the Utilities, Gold and IT sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.49 percent.

In Currency Markets the U.S. dollar edged lower Tuesday, continuing the previous session’s hefty losses, while the Australian dollar recovered after early selling on the back of the Reserve Bank of Australia indicated it would keep interest rates at record low levels for longer than expected. The euro rose 0.2 percent to $1.1252. Against the Japanese yen, the dollar fell 0.1 percent to 114.94, while sterling rose 0.2 percent to 1.3477 after British house prices grew 0.8 percent in January. The Aussie dollar rose 0.2 percent to $0.7076.

In US Equity Markets stocks closed higher on Monday, at the end of a volatile month for Wall Street where the tech-heavy Nasdaq narrowly avoided its worst ever start to the year and the S&P 500 recorded its weakest January performance since 2009. The Dow rose 1.17 percent, to 35,131.86, the S&P 500 gained 1.89 percent, to 4,515.55 and the Nasdaq Composite added 3.41 percent, to 14,239.88. Boeing Co rose 5.1 percent. The U.S. planemaker secured a launch order from Qatar Airways for a new freighter version of its 777X passenger jet and a provisional order for 737 MAX jets.

In Commodities Markets oil prices edged higher on Tuesday, trading near seven-year highs hit last week, as investors bet supplies will stay tight, with a limited production hike by major oil producers and a strong post-pandemic recovery in fuel demand. Brent crude for April delivery was up 0.2 percent at $89.40 a barrel. U.S. WTI crude rose 0.2 percent, to $88.28 a barrel. Spot gold was up 0.4 percent at $1,797.79 per ounce. Silver gained 0.1 percent to $22.43 an ounce. Platinum gained 1.2 percent to $1,019.94, while palladium fell 0.8 percent to $2,357.69 per ounce.

In European Equity Markets tech stocks led a rebound on Monday, even as worries lingered over policy tightening, soaring inflation and geopolitical tensions ahead of key UK and ECB decisions due later this week. The pan-European STOXX 600 climbed 1.1 percent, rebounding from their worst week in more than two months, with tech stocks up 2.9 percent after losing 13 percent this month. Vodafone gained 4.2 percent after saying it would work with Intel and other silicon vendors on designing its own chip architecture to drive innovation and efficiency in nascent OpenRAN network technology.

In Bond Markets yields of U.S. Treasuries that are most sensitive to inflation expectations hovered near their highest levels since February 2020 on Monday, capping a bond market selloff this month that by some measures is the worst in 13 years. The yield on 10-year Treasury notes was down 0.2 basis points to 1.779 percent, leaving it on track for its largest monthly rise since March 2021. The yield on the 30-year Treasury bond up 1.6 basis points to 2.099 percent, also in line for its largest monthly increase since March 2021. The two-year U.S. Treasury yield was was down 0.5 basis points at 1.167 percent.