In Asian Equity Markets indices fell on Monday morning after China’s central bank cut the reserve requirement for banks over the weekend. In the Greater China markets, Hong Kong’s Hang Seng index fell by 0.62 percent in early trading action. Over on the mainland, where markets began trading for the first time since the Golden Week holidays ended, the Shanghai composite fell by 2.57 percent. Australia’s markets saw partial recovery but remained lower as the ASX 200 traded down by 1.01 percent in the morning, with most sectors trending lower.

In Currency Markets the U.S. dollar weakened on Friday after data for September showed jobs gains that fell short of expectations while wages increases slowed on an annualized basis during the month, easing concerns about a large run-up in inflation. The dollar reversed direction several times before settling at lower levels after the data.  The dollar index fell as low as 95.516, from around 95.770 before the data, before rising back to 95.678. Hawkish Fed speakers and strong U.S. economic growth have supported the greenback in recent weeks.

In Commodities Markets brent crude oil prices fell more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. International benchmark Brent crude oil futures were at $83.26 per barrel at 0352 GMT, down 90 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 54 cents, or 0.7 percent, at $73.80 a barrel.

In US Equity Markets stocks fell for a second straight day on Friday, weighed down by another rise in Treasury yields in the wake of a solid jobs report that capped off a week of robust data. The S&P 500 lost 0.55 percent, to 2,885.57 and the Nasdaq Composite fell 1.16 percent, to 7,788.45. The only gainer among the 11 major S&P sectors were defensive utilities, which advanced 1.57 percent. Apple fell 1.6 percent after David Einhorn’s Greenlight Capital said it sold its remaining shares. For the week, the S&P fell 0.98 percent and the Nasdaq lost 3.2 percent

In Bond Markets the U.S. Treasuries market fell for a third straight day on Friday with the 10-year yield hitting a seven-year high, as a solid payrolls report fueled jitters about rising inflation and more interest rate hikes. The benchmark 10-year Treasury yield rose nearly 4 basis points at 3.233 percent after hitting a seven-year peak at 3.248 percent earlier on Friday. The 30-year yield reached a four-year high at 3.424 percent before retreating to 3.404 percent in late trading. The U.S. bond market will be closed today for the U.S. Columbus Day holiday.