In Asian Equity Markets stocks climbed Tuesday, as markets recovered from the impact of weak economic data in Europe and China Monday. Equities reversed losses in Japan and climbed in Australia and Hong Kong. Chinese shares under-performed, even as senior economic policy officials vowed to increase tax cuts to boost growth. The Australian market was modestly higher in subdued trade. The big four banks were higher. ANZ Banking, Westpac, National Australia Bank and Commonwealth Bank all advanced in a range of 0.2 percent to 0.8 percent.

In Currency Markets the U.S. dollar was marginally firmer than most of its peers on Tuesday, as heightened fears of a slowdown in global growth increased investor demand for safe-haven assets. The Australian dollar and kiwi dollar, both considered proxies for global risk appetite, were up 0.1 percent each, having recovered from Monday’s lows following the release of weaker-than-expected Chinese data. The Aussie was at $0.7205, while the kiwi dollar fetched $0.6828. The yen weakened by 0.15 percent versus the greenback at 108.36 while the euro was also softer at $1.1470.

In Commodities Markets oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International Brent crude oil futures were at $59.64 per barrel, up 65 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.09 per barrel, up 58 cents, or 1.2 percent. Tuesday’s oil price increases came after crude futures fell by more than 2 percent the previous session, dragged down by weak Chinese trade data which pointed to a global economic slowdown.

In US Equity Markets stocks declined on Monday as an unexpected fall in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicks off. The S&P 500 lost 0.35 percent, to 2,587.06 and the Nasdaq Composite fell 0.66 percent, to 6,925.77. The technology sector’s 0.8 percent fall was the biggest drag on the S&P 500. Shares of PG&E Corp plunged 51.3 percent after the U.S. power utility said it was preparing to file for Chapter 11 bankruptcy for all of its businesses.

In Bond Markets U.S. Treasury yields advanced on Monday in thin trading as risk sentiment improved and Wall Street shares trimmed losses, with the overall bond market in consolidation mode after volatile moves in the last two weeks. U.S. 10-year note yields rose to 2.707 percent, up from 2.699 percent late on Friday. U.S. 30-year bond yields, were also up at 3.06 percent , from 3.036 percent on Friday. U.S. 2-year yields were down on the day at 2.536 percent, compared with Friday’s 2.545 percent.