In Asian Equity Markets stocks followed Wall Street higher in early trade on Tuesday as the passage of a U.S. infrastructure bill boosted sentiment while oil prices gained on the outlook for energy demand in an expansive global economy. Early in the Asian trading day, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent. Japan’s Nikkei stock index rose 0.06 percent while Australian shares were down 0.12 percent. China’s blue-chip CSI300 index was 0.33 percent higher in early trade. Hong Kong’s Hang Seng index opened up 0.65 percent.

In Currency Markets the dollar hovered a little below the year’s peaks on Tuesday as inflation numbers loom as the next test of traders’ thinking on the outlook for interest rates. The euro held at $1.1588. The greenback steadied just above 113 yen. The risk-sensitive Australian dollar had also firmed overnight and held most of the modest gain to trade at $0.7410 on Tuesday. The kiwi was last steady at $0.7162. Sterling was last at $1.3561 after falling as low as $1.3425 on Friday. The U.S. dollar index was steady at 94.095, about the middle of the range it kept through October.

In US Equity Markets stocks ended slightly higher on Monday, rising early after passage of a U.S. infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down. The Dow rose 0.29 percent, to 36,432.22, the S&P 500 gained 0.09 percent, to 4,701.7 and the Nasdaq Composite added 0.07 percent, to 15,982.36. Industrials and materials got a boost after the U.S. Congress passed President Joe Biden’s $1 trillion infrastructure spending bill on Saturday. Shares of cosmetics maker Coty Inc rose 15.1 percent after the company hiked annual organic sales forecast.

In Commodities Markets gold rose to a two-month high on Monday, bolstered by a retreat in the dollar and persistent inflation concerns after key central banks indicated interest rates would remain low in the near term. Spot gold was up for the third straight session, rising 0.5 percent to $1,825.64 per ounce. Elsewhere, spot silver rose 1.2 percent to $24.45 per ounce, platinum climbed 2.3 percent to $1,057.75, and palladium gained 1.7 percent to $2,069.10. Brent crude rose 69 cents to settle up at $83.43 a barrel. U.S. crude rose 66 cents to settle at $81.93 a barrel.

In European Equity Markets strength in commodity-linked sectors helped stocks inch up to a record high close on Monday, although broader gains were stifled by some weak earnings and a lack of any major market cues. The pan-European STOXX 600 closed marginally higher at 483.61 points, with basic resources and energy stocks leading gains. Major regional indexes including France’s CAC 40, Germany’s DAX and UK’s FTSE were flat as the ECB’s chief economist Philip Lane said inflation would ease next year and remain weak in the near term.

In Bond Markets traders sent most U.S. Treasury yields higher on Monday after Congress passed a $1 trillion infrastructure bill and demand was soft for three-year notes at auction. The benchmark 10-year yield was up 4.5 basis points at 1.4984 percent. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 4.2 basis points at 0.4466 percent. The 10-year TIPS yield was at -1.12 percent and the breakeven inflation rate was at 2.624 percent, below its peak in October of nearly 2.7 percent, the highest since 2006.