In Asian Equity Markets stocks fell on Tuesday as fears of hawkish signals from a Federal Reserve meeting this week largely outweighed data showing that Chinese business activity rebounded in January. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 1 percent and 0.5 percent, respectively. Hong Kong’s Hang Seng index lost 1 percent, while South Korea’s KOSPI and the Taiwan Weighted index shed 0.7 percent and 1.3 percent, respectively. Australia’s ASX 200 index fell 0.2 percent.

In Currency Markets the dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in U.S. interest rates could swing into view as soon as this week’s Fed meeting. The Japanese yen fell 0.4 percent overnight but was steady at 130.26 in Asia and is set for its third monthly gain as markets anticipate shifts in monetary policy. The Aussie fell 0.7 percent overnight, but at $0.7036 it is up about 3.2 percent for the month so far. The kiwi, last at $0.6474, is up more than 1.5 percent for January. The U.S. dollar index is down 1.3 percent for January so far and held at 102.28 on Tuesday.

In US Equity Markets stocks fell on Monday, weighed down by declines in technology and other megacap shares, as investors looked toward a major week of events including central bank meetings and a slew of earnings reports. The Dow fell 0.77 percent, to 33,717.09, the S&P 500 lost 1.30 percent, to 4,017.77 and the Nasdaq Composite fell 1.96 percent, to 11,393.81. The heavyweight tech sector fell 1.9 percent while energy shed 2.3 percent, the biggest decline among the S&P 500 sectors. Shares of Apple Inc, Amazon.com Inc and Alphabet Inc, which are due to post results later this week, all slumped.

In Commodities Markets oil prices fell 2 percent on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained strong. Brent futures for March delivery fell 2.03 percent, to $84.90 a barrel. U.S. crude fell $1.78 to $77.90 per barrel, a decline of 2.23 percent – its steepest decline in nearly four weeks. Spot gold inched 0.2 percent lower to $1,924.05 per ounce. Spot silver rose 0.1 percent to $23.59 per ounce and platinum gained 0.2 percent to $1,014.38, while palladium jumped 1.4 percent to $1,641.05.

In European Equity Markets stocks fell on Monday as hotter-than-expected inflation data from Spain added to market jitters as investors brace for a slew of interest rate hikes from prominent central banks later in the week. The pan-European STOXX 600 closed down 0.2 percent. Europe’s technology index was the top decliner among STOXX 600 sectors, down 1.7 percent, with chip stocks ASM International N.V. and Nordic Semiconductor among those posting the biggest losses. Germany’s DAX index was down 0.2 percent.

In Bond Markets U.S. Treasury yields edged higher on Monday at the start of a busy week of economic data and a widely anticipated interest rate hike by the Federal Reserve. The yield on 10-year Treasury notes was up 3.5 basis points to 3.553 percent, bringing it close to its highest level since Jan. 11. The yield on the 30-year Treasury bond was up 2.8 basis points to 3.662 percent. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 5 basis points at 4.257 percent.