In Asian Equity Markets stocks fell on Tuesday, weighed down by the prospect of further monetary policy tightening by central banks, China’s renewed COVID outbreak and Europe’s energy shortage. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8 percent, while Japan’s Nikkei lost 1.75 percent. South Korea’s KOSPI fell 1.15 percent. In Australia, the ASX 200 rose 0.26 percent. Hong Kong’s Hang Seng Index was down 1.21 percent. China’s Shanghai Composite was down 0.38 percent while the Shenzhen Component was down 0.22 percent.

In Currency Markets the dollar was up on Tuesday morning in Asia as hoisted by safety bids and expectations of further aggressive rate hikes by the U.S. Federal Reserve. The U.S. Dollar Index that tracks the greenback against a basket of other currencies was up 0.38 percent to 108.43. Against the Japanese yen the dollar inched down 0.06 percent to 137.34. Aussie dollar edged down 0.14 percent to $0.6721, while kiwi edged down 0.09 percent to $0.6105. Sterling fell 0.24 percent to $1.1861.

In US Equity Markets stocks lost ground on Monday as a lack of catalysts left market participants warily embarking on a week back-end loaded with crucial inflation data and the unofficial beginning to second-quarter earnings season. The Dow fell 0.52 percent, to 31,173.84, the S&P 500 lost 1.15 percent, to 3,854.43 and the Nasdaq Composite fell 2.26 percent, to 11,372.60. Twitter Inc lost 11.3 percent in the wake of Elon Musk saying he is terminating his deal to buy the social media company. The broader S&P 1500 Hotel, Restaurant and Leisure index fell 1.5 percent.

In Commodities Markets oil prices were little changed on Monday as markets balanced an expected decline in demand due to mass testing for COVID-19 in China against ongoing concerns over tight supply. Brent futures for September delivery gained 0.1 percent, to settle at $107.10 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 0.7 percent, to settle at $104.09. Spot gold fell 0.3 percent to $1,735.91 per ounce. Spot silver fell 0.7 percent to $19.16 per ounce. Platinum fell 2.6 percent to $873.50 and palladium was down 1.3 percent at $2,154.99.

In European Equity Markets stocks fell on Monday, dragged lower by economy-sensitive stocks, as concerns over an energy supply crunch and fresh COVID-19 cases in China hurt risk appetite and heightened worries about a recession. The pan-European STOXX 600 index broke a three-day winning streak to end 0.5 percent lower. China-exposed automobiles fell 2.8 percent, the most among the European sectors, and dragging the German DAX down by 1.4 percent. Uniper lost 14.4 percent as a dispute between Germany and Finland over the cost of rescuing the gas importer flared.

In Bond Markets U.S. Treasury yields fell on Monday in choppy trading, in line with Europe, drawing safe-haven bids amid a sell-off on Wall Street driven by growth concerns that could hurt earnings. U.S. 10-year yields were last down 11 basis points to 2.99 percent. In afternoon trading, U.S. 30-year bond yields were down 9.2 bps at 3.177 percent. On the short end of the curve, U.S. two-year yields fell 5.5 bps to 3.065 percent. On Monday, the U.S. Treasury auctioned $43 billion in three-year notes, a billion lower from last month, with mixed results.