In Asian Equity Markets stocks rose on Tuesday, following Wall Street’s record highs overnight, though fresh worries about China’s property sector weighed on investors’ sentiments. MSCI’s gauge of Asia Pacific stocks outside Japan rose 0.15 percent and briefly touched its highest in six weeks on Tuesday, after gaining throughout October. Japan’s benchmark Nikkei average gained nearly 1.8 percent, while Australia’s S&P/ASX 200 closed 0.03 percent higher. The CSI300 index inched 0.05 percent higher led by information technology stocks, but the Hong Kong benchmark Hang Seng Index eased 0.4 percent.

In Currency Markets the dollar inched higher against the safe-haven yen while easing a touch against riskier currencies on Tuesday as solid company earnings and a glimmer of improvement in U.S.-China trade ties lifted sentiment, while rates expectations weighed on the euro. The greenback was last up 0.2 percent at 113.93 yen and was holding steady against the euro at $1.1599. The risk-sensitive Australian dollar rose about 0.3 percent and poked past 75 U.S. cents to $0.7513. Sterling has been firming at the prospect of higher rates and was last steady at $1.3765. The New Zealand dollar rose 0.1 percent to $0.7174.

In US Equity Markets the Dow and S&P 500 closed at record highs on Monday, as earnings season kicked in to high gear in one of the heaviest reporting weeks of the quarter with bellwethers in multiple sectors poised to announce results. The Dow rose 0.18 percent, to 35,741.15, the S&P 500 gained 0.47 percent, to 4,566.48 and the Nasdaq Composite added 0.9 percent, to 15,226.71. Tesla Inc rose 12.66 percent after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley raised its price target on the stock to $1,200 from $900 per share.

In Commodities Markets oil prices rose on Monday and reached multi-year highs, as tight global supply and strengthening fuel demand in the United States and beyond supported prices. Brent crude futures gained 0.43 percent to $85.90 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures pared earlier gains and traded lower at 0.06 percent to $83.71 a barrel in early afternoon trading. Spot gold gained 0.8 percent to $1,805.90 per ounce. Elsewhere, silver rose 0.7 percent to $24.48 per ounce. Platinum rose 1.5 percent to $1,056.61 per ounce. Palladium rose 1.3 percent to $2,048.77 per ounce.

In European Equity Markets stocks closed flat on Monday, as gains in banks and commodity-linked sectors were offset by losses in industrial stocks on rising bond yields, and as the outlook for the telecom sector deteriorated. The pan-European STOXX 600 closed largely unchanged at 472.21 points, with concerns over rising inflation and slowing economic growth also weighing on sentiment. UniCredit fell 1.7 percent after the Italian government and the bank ended talks over the sale of ailing Tuscan bank Monte dei Paschi di Siena (MPS). Monte dei Paschi di Siena (MPS) slid 2.4 percent.

In Bond Markets U.S. Treasury yields fell on Monday in choppy trading, weighed down by market uncertainty about when the Fed would tighten monetary policy in the face of persistently high inflation. In afternoon U.S. trading, the benchmark U.S. 10-year yield fell nearly two basis points to 1.6369 percent. U.S. 30-year yields, on the other hand, were slightly higher at 2.0919 percent. The U.S. 5-year yield, which reflects Fed tightening, was last down 3.3 basis points at 1.1777 percent. It has been trending upward in the last few weeks, touching its highest since February 2020 at 1.193 percent last week.