In Asian Equity Markets stocks attempted to stabilise on Tuesday after a wild few days of stumbling stocks, crumbling bonds, a plunging pound and soaring dollar, with the dollar easing a bit and stocks flat. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.1 percent. Japan’s Nikkei rose 0.7 percent. The blue-chip CSI 300 Index had edged up 0.2 percent by the end of the morning session, while the Shanghai Composite Index was up 0.3 percent. The Hang Seng Index lost 1.1 percent and the Hang Seng China Enterprise Index lost 1.3 percent.

In Currency Markets most Asian currencies rose slightly on Tuesday as the dollar paused its rally below 20-year highs, while the Chinese yuan fell to a new two-year low on more signs of economic weakness in the country. The dollar index fell 0.4 percent to 113.71, while dollar index futures shed 0.3 percent. The British pound jumped 0.9 percent from a record low, while the euro added 0.4 percent, recovering from a 22-year low. China’s yuan was among the few outliers for the day, falling 0.2 percent and trading just below a two-year low of 7.1699.

In US Equity Markets stocks slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. The Dow fell 1.11 percent to end at 29,260.81 points, while the S&P 500 lost 1.03 percent to 3,655.04. The Nasdaq Composite fell 0.6 percent to 10,802.92. Ten of 11 S&P 500s sector indexes fell, led by 2.6 percent decrease in real estate and energy. Gains in Amazon and Costco Wholesale Corp helped limit losses in the Nasdaq.

In Commodities Markets oil prices fell on Monday, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia. Brent crude futures for November settled down 2.4 percent, to $84.06 a barrel, plunging below levels reached on January 14. U.S. WTI crude for November delivery fell by 2.3 percent to $76.71, the lowest since Jan. 6. Spot gold fell 1.2 percent to $1,623.79 per ounce. Elsewhere, spot silver shed 2.5 percent to $18.37 per ounce. Platinum fell 0.4 percent to $850.43 and palladium lost 0.8 percent to $2,050.79.

In European Equity Markets shares in Italy outperformed European peers on Monday after the right-wing coalition led by Georgia Meloni overwhelmingly won the national election, while bourses elsewhere fell amid risk aversion following central bank tightening. The Europe-wide STOXX 600 index fell 0.4 percent. Europe’s biggest economy, Germany, saw its main index slip 0.5 percent, extending last week’s declines after data showed a bigger-than-expected decrease in German business sentiment in September. Italy’s FTSE MIB index was up 1 percent, boosted by financial stocks.

In Bond Markets U.S. Treasury yields hit fresh highs on Monday, rising in tandem with euro zone and British government debt yields amid concerns that central banks globally will keep tightening monetary policy to curb stubbornly high inflation. Two-year Treasury yields, which tend to be more sensitive to interest rate changes, rose to a fresh 15-year high of 4.312 percent, and benchmark 10-year note yields rose nearly 20 basis points from their Friday close, climbing to an intra-day high of 3.9 percent, the highest since April 2010.