In Asian Equity Markets most indices traded lower with markets in Australia and Japan declining almost 1 percent each. Chinese markets struggled for gains on Tuesday in mid-morning trade following declines in the previous session, after the country’s central bank cut the reserve requirement for banks over the weekend. The Shanghai composite traded fractionally lower while the Shenzhen composite was down 0.32 percent. Australia’s ASX 200 was down 1 percent as the heavily weighted financial sub-index fell 0.87 percent.

In Currency Markets the US dollar fell against the safe-haven yen in Asia on Tuesday on simmering anxiety about higher U.S. bond yields, the Sino-U.S. trade war and political turmoil in Europe. The yen extended gains against the greenback to a fourth straight session, coming off an 11-month low of 114.55 yen per dollar reached on Thursday last week. The dollar shed 0.2 percent to 113.04 yen on Tuesday. The euro traded at $1.1488, close to a seven-week low of $1.1457 reached during the previous session amid discord between Italy and the European Union over Rome’s budget plans.

In Commodities Markets oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of U.S. sanctions and as a hurricane moved across the Gulf of Mexico. Brent crude was up 26 cents, 0.3 percent, at $84.17 a barrel. On Monday, Brent fell to a low of $82.66, but mostly recovered as investors bet China’s economic stimulus would boost crude demand. Brent rose to a four-year high of $86.74 last week. U.S. West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 percent, at $74.53 a barrel.

In US Equity Markets stocks fell for a third straight day on Monday, mirroring global stocks, amid growing unease over effects of the Sino-U.S. trade war on global growth. Indices pared some losses during the day. The communications services sector fell 0.86 percent, with heavyweight Netflix down 2.5 percent. Facebook and Alphabet fell about 1.3 percent each. The trade-sensitive industrials shed 0.6 percent, with Boeing down 1.9 percent. The S&P 500 lost 0.04 percent, to 2,884.43 and the Nasdaq Composite fell 0.67 percent, to 7,735.95.

In Bond Markets the U.S. 10-year Treasury yield and 30-year Treasury yield rose to fresh multi-year highs on Tuesday. The benchmark U.S. 10-year Treasury yield reached 3.252 percent, its highest since May 2011, before retreating to 3.248 percent. The 30-year yield reached a four-year high at 3.439 percent before pulling back to 3.4337 percent. U.S. treasuries have been fell recently as strong data fueled fears about rising inflation and a potentially faster pace of rate increases by the Federal Reserve.