In Asian Equity Markets stocks were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China’s COVID policy adjustments and a rescue package for the country’s struggling property sector. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, following mild losses for U.S. overnight. Australian shares lost 0.28 percent, while Japan’s Nikkei stock index was off 0.16 percent. In Hong Kong, the Hang Seng Index was flat while China’s CSI300 Index was down 0.3 percent.

In Currency Markets the Japanese yen was among the worst-performing Asian currencies on Tuesday after the country’s economy unexpectedly shrank in the third quarter, while most regional units trended lower as hawkish comments from the Fed supported the dollar. The yen fell 0.4 percent to 140.48 against the dollar. The European single currency was down 0.1 percent at $1.0317, having gained 4.4 percent in a month, while the dollar index , which tracks the greenback against a basket of currencies of other major trading partners, was largely flat at 106.99. The dollar index rose 0.3 percent.

In US Equity Markets main indexes ended lower on Monday, with real estate and discretionary sectors leading broad declines, as investors digested comments from U.S. Federal Reserve officials about plans for interest rate hikes and looked for next catalysts after last week’s big stock market rally. The Dow fell 0.63 percent, to 33,536.7, the S&P 500 lost 0.89 percent, to 3,957.25 and the Nasdaq Composite fell 1.12 percent, to 11,196.22. Shares of Biogen Inc and Eli Lilly gained 3.3 percent and 1.3 percent, respectively, after the failure of Swiss rival Roche’s Alzheimer’s disease drug candidate.

In Commodities Markets oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while rising coronavirus cases in China dashed hopes of a swift reopening of the economy for the world’s biggest crude importer. Brent crude futures settled down 3 percent, at $93.14 a barrel after gaining 1.1 percent on Friday. WTI crude futures settled down 3.47 percent, to $85.87 after advancing 2.9 percent on Friday. Spot gold rose 0.1 percent to $1,772.94 per ounce. Spot silver jumped 1.5 percent to $22 per ounce. Platinum fell 0.3 percent to $1,026. Palladium was steady at $2,040.64 per ounce.

In European Equity Markets stocks closed higher on Monday driven by positive updates from companies including Germany’s Infineon and Britain’s Informa, while investors positioned themselves for a slew of data including inflation and flash GDP due this week. The pan-European STOXX 600 index rose 0.1 percent. Germany’s DAX gained 0.6 percent. Shares of Infineon climbed 7.8 percent to top the index after the chipmaker raised its long-term financial targets and said it is planning a new 5 billion-euro ($5.16 billion) factory in Dresden to expand its 300-millimetre production capacities.

In Bond Markets Treasury yields rose on Monday after Federal Reserve officials warned that the U.S. central bank will continue to hike rates, albeit likely at a slower pace, as it battles inflation, dampening hopes that it is close to ending its tightening cycle. Benchmark 10-year yields gained 4 basis points to 3.867 percent, holding below a 15-year high of 4.338 percent reached on Oct. 21. The yields fell by 32 basis points on Thursday, the largest one-day fall in basis point terms since March 2009. Two-year yields rose 8 basis points to 4.408 percent, after reaching a more than 15-year high of 4.883 percent on Nov. 4.