In Asian Equity Markets stocks climbed in morning trade on Tuesday, tracking a Wall Street rally overnight, while the dollar held near a fourth-month low as investors tempered fears about inflation-driven rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1 percent at a two-week high. Australian stocks were up 0.69 percent, while Japan’s Nikkei stock index rose 0.6 percent. The blue-chip CSI300 index rose 1.89 percent, while the benchmark Shanghai Composite index advanced 1.39 percent. Hong Kong’s Hang Seng index rose 1.05 percent.

In Currency Markets the dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. The dollar index nursing a 0.2 percent overnight loss at 89.853 – just above a four-month low. The euro held a 0.3 percent overnight gain, at $1.2213. The yen was last at 108.79 per dollar. The Aussie bought $0.7750 and the kiwi $0.7211. Sterling was stalled at $1.4160.

In US Equity Markets stocks climbed on Monday, with the Nasdaq rising more than 1 percent as a retreat in U.S. Treasury yields helped lift expensive stocks in sectors such as technology as investors attempt to gauge the trajectory of inflation. The Dow rose 0.54 percent, to 34,393.98, the S&P 500 gained 0.99 percent, to 4,197.05 and the Nasdaq Composite added 1.41 percent, to 13,661.17. Among the 11 major S&P sectors, technology advanced 1.76 percent and communication services rose 1.84 percent as the top performing on the session.

In Commodities Markets oil prices edged higher on Monday as Iran and the U.N. nuclear watchdog extended a recently expired monitoring agreement by a month, averting a collapse that could have pitched wider talks on reviving the 2015 Iran nuclear deal into crisis. Brent crude futures rose $2.9 to $68.39 per barrel. U.S. crude futures gained $2.34 to $65.92 a barrel. Spot gold was up 0.1 percent at $1,882.83 per ounce. Palladium rose 0.5 percent to $2,741.24 per ounce, silver fell 0.6 percent at $27.64 and platinum fell 0.2 percent to $1,171.54.

In European Equity Markets stocks held close to record highs on Monday with technology stocks leading the charge, as investors counted on strength in corporate earnings to keep the market momentum going. The pan-European STOXX 600 index rose 0.1 percent to 445.07 points, just below its record high of 446.19 points. European technology stocks rose 1 percent, while more economy-sensitive sectors such as banks and basic resources traded in the red. Trading activity was subdued with markets in Austria, Denmark, Hungary, Norway, Switzerland and Germany closed for a holiday.

In Bond Markets U.S. Treasury long-dated yields fell to two-week lows on Monday, after a few Federal Reserve officials affirmed their support to keep monetary policy accommodative for some time, dampening recent expectations the Fed would reduce bond purchases or flag rate hikes sooner than what it has indicated to the market. the U.S. 10-year Treasury yield fell to 1.604 percent from 1.632 percent late on Friday. U.S. 30-year yields were down at 2.3 percent from Friday’s 2.233 percent. The spread between U.S. 2-year and 10-year yields slid to 145.20 basis points.