In Asian Equity Markets indices rose in morning trade on Tuesday. Australia’s benchmark ASX 200 was up 0.26%, with the energy sub-index adding 1.04% and materials up by 0.59% as major miners gained. Shares of Rio Tinto were up 1.54%, Fortescue gained 0.72% and BHP added 0.71%. Japanese markets are closed for a public holiday. In South Korea, the Kospi index rose 0.77% as major chip-makers gained. Samsung shares were up 1.19% and SK Hynix added 1.03%.

In Currency Markets signs that the U.S. and China were making progress in efforts to resolve their trade dispute supported both the dollar and trade-exposed Asian currencies on Tuesday, while the Canadian dollar rose as voters went to the polls in a closely-fought election. The volatile pound sat just under a 5-1/2-month high at $1.2962, with the Brexit project in disarray but traders looking to another crucial parliamentary vote on Tuesday to determine the next step.

In Commodities Markets oil prices fell nearly 1% on Monday after comments from a U.S. official fed concerns surrounding the U.S.-China trade war, adding to worries that a slowing global economy would reduce demand for oil. Brent crude futures fell 46 cents, or 0.8%, to settle at $58.96 a barrel. U.S. West Texas Intermediate crude futures fell 47 cents, or 0.9%, to settle at $53.31 a barrel.

In US Equity Markets  the S&P 500 index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy. Halliburton Co gained 6.4% after the oilfield services provider detailed further planned cost reductions. The S&P 500 rose 0.69%, to 3,006.72 and the Nasdaq Composite added 0.91%, to 8,162.99.

In Bond Markets U.S. Treasury yields rose on Monday as investors sold safe-haven debt on optimism about a potential U.S.-China trade deal and a resolution of some of the major issues related to Britain’s exit from the European Union. U.S. 10-year and 30-year yields rose to five-week highs, with 30-year yields climbing for eight straight sessions. U.S. two-year yields, on the other hand, advanced in six of the last eight trading days.