In Asian Equity Markets indices traded in mixed territory Monday morning as investors remained cautious. The Shanghai composite saw gains of 0.25 percent while the Shenzhen composite slipped 0.19 percent. Meanwhile, Hong Kong’s Hang Seng index advanced 0.5 percent in early trade. Japan’s Nikkei 225 rose 0.44 percent while the Topix index saw gains of 0.14 percent. Australia’s benchmark ASX 200 fell 0.68 percent in afternoon trade, with most sectors seeing losses. Energy stocks fell 1.34 percent while the heavily weighted financial sub-index was down more than 1 percent.

In Currency Markets the US dollar was modestly lower against its key rivals on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future U.S. interest rate increases. The yen was fetching 112.70 on the dollar, up slightly on the day. The dollar lost 0.9 percent versus the yen last week. The euro managed to hold steady in early Asian trade, changing hands at $1.1411, having advanced over the last four trading sessions despite poor economic fundamentals.

In Commodities Markets oil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end. Despite that, market sentiment remains weak on signs of a demand slowdown amid deep trade disputes between the world’s two biggest economies, the United States and China. Front-month Brent crude oil futures were at $67.29 per barrel, up 53 cents, or 0.8 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures, were up 71 cents, or 1.3 percent, at $57.17 per barrel.

In US Equity Markets the S&P 500 and Dow rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp. dragged down the Nasdaq. The S&P 500 gained 0.22 percent, to 2,736.27 and the Nasdaq Composite fell 0.15 percent, to 7,247.87. Lagging Nvidia shares kept the Nasdaq in negative territory. Nvidia’s shares fell 18.8 percent after the chip-maker pointed to the decline in cryptocurrency mining as the cause of its declining sales.

In Bond Markets U.S. Treasury yields retreated on Friday after a top Federal Reserve official said U.S. interest rates are nearing the central bank’s estimates of a neutral level, suggesting that the current tightening cycle may soon end. U.S. benchmark 10-year, 30-year, and two-year yields dropped to two-week lows, while yields on intermediate maturities – five-year and seven-year notes – tumbled to their lowest in two months. U.S. 10-year note yields fell as low as 3.066 percent, a two-week low, from 3.118 percent late Thursday.