In Asian Equity Markets indices advanced on Tuesday, after stateside indexes recorded their second day of gains following last week’s losses. In Japan, the benchmark Nikkei 225 index rose 0.4 percent as markets resumed trade following a long weekend. Automakers traded mixed in the afternoon, with Toyota slipping 1.2 percent. Financials, which were in positive territory in the early going, gave up gains to trade lower, with Mitsubishi UFJ Financial Group shedding 0.7 percent. Among other blue chips, Fanuc Manufacturing rose 0.7 percent and Fast Retailing was higher by just 0.05 percent. Chinese markets were also on the rise. Hong Kong’s Hang Seng Index rose 2.18 percent as markets clawed back gains after falling into correction territory last week.

In Currency Markets the US dollar retreated on Tuesday as global equity markets showed some signs of stability after their recent rout, reviving risk appetite that has fuelled bets against the U.S. currency on prospects of its narrowing interest rate advantage. The dollar’s index against a basket of six major currencies stood at 90.1392, having fallen 0.26 percent on Monday and edging away from Thursday’s half-month high of 90.569. The euro traded at $1.2290, bouncing off last week’s low of $1.2206, though it was still more than two cents below its 3-year high of $1.2538 hit on Jan. 25. The British pound edged up to $1.3846 from Friday’s low of $1.3764. Despite uncertainties around Brexit, the pound has been propped up by rising expectations the Bank of England will raise interest rates to curb inflation.

In Commodities Markets oil prices rose on Tuesday, lifted by a rebound in global stock markets that followed sharp falls last week. U.S. West Texas Intermediate (WTI) crude futures were at $59.44 a barrel. That was up 15 cents, or 0.25 percent, from their last settlement. Brent crude futures were at $62.78 per barrel, up 19 cents, or 0.3 percent, from the previous close. Gold prices held firm on Tuesday, buoyed by a weaker dollar, while investors waited for U.S. inflation data for clues on the pace of interest rate hikes. Spot gold was mostly unchanged at $1,322.82 an ounce. On Monday, it rose 0.5 percent in its biggest one-day percentage gain in more than a week. U.S. gold futures were down 0.1 percent at $1,324.6 per ounce. In other precious metals, silver gained 0.8 percent to $16.48 per ounce and platinum rose 0.2 percent to $972.50 per ounce.

In US Equity Markets indices rose for a second straight session on Monday with broad-based gains across indexes as investors appeared to regain some confidence after Wall Street’s biggest weekly decline in two years. The announcement of President Donald Trump’s budget including an infrastructure spending plan helped sectors such as S&P materials and industrials. The S&P 500 gained 1.96 percent, to 2,670.83 and the Nasdaq Composite added 2.1 percent, to 7,019.11. All of the S&P 500’s major eleven sectors were higher, though interest-rate sensitive sectors real estate, utilities and telecommunications services were the worst performers. The S&P materials sector was the biggest gainer with a 2.3-percent gain. Cisco was up 3 percent and American Express gained 3.4 percent after Instinet upgraded the two components of the Dow Industrials to “buy”.

In Bond Markets U.S. Treasury yields rose on Monday, with benchmark 10-year yields hitting a four-year high and those on 30-year bonds climbing to an 11-month peak, as a stock rally and improving risk appetite diminished the safe-haven appeal of government debt. U.S. 10-year yields closed up at 2.851 percent, from 2.831 percent late on Friday. Earlier in the session, 10-year yields hit 2.902 percent, the highest since January 2014. U.S. 30-year bond yields rose to 3.145 percent, from Friday’s 3.139 percent. The yield on this maturity touched an 11-month peak of 3.139 percent earlier in the session. U.S. 10-year yields, which move inversely to prices, have risen in three of the last five sessions. Since a 10-month low hit in September, 10-year yields have risen nearly 90 basis points. The yields’ outperformance overall, though, was being led by U.S. 7-year and 5-year notes.