In Asian Equity Markets stocks rose on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening. Japan’s Nikkei rallied 1.04 percent, while Australia’s benchmark jumped 1.69 percent. Chinese blue chips rose 0.54 percent and Hong Kong’s Hang Seng advanced 1.46 percent. South Korea’s Kospi gained 1.65 percent. MSCI’s broadest index of Asia-Pacific shares rose 1.31 percent.

In Currency Markets the dollar found support from investors worried about recession and seeking safety to hold just below a two-decade high on Monday, having decreased late last week after downbeat U.S. economic data reduced bets on U.S. interest rate hikes. The risk-sensitive Australian dollar eased 0.3 percent to $0.6918, weighed down by sliding commodity prices. The euro was pinned at $1.0563, though the beaten-down yen steadied to 134.68 per dollar. The U.S. dollar index was steady at 104.010, having made a 20-year peak of 105.79 earlier in the month.

In US Equity Markets main indexes rose on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans. The Dow rose 2.68 percent, to 31,500.68, the S&P 500 gained 3.06 percent, to 3,911.74 and the Nasdaq Composite added 3.34 percent, to 11,607.62. Bank stocks rallied, with the S&P 500 banks index rising 3.7 percent, after the Fed’s annual “stress test” exercise showed that the lenders have enough capital to weather a severe economic downturn.

In Commodities Markets oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they notched their second weekly decline on concern that rising interest rates could push the world economy into recession. Brent crude settled up 2.8 percent, at $113.12 a barrel. U.S. West Texas Intermediate (WTI) crude settled up 3.2 percent, at $107.62. Spot gold rose 0.4 percent to $1,830.22 per ounce. Spot silver rose 1.2 percent to $21.19 per ounce, platinum was up 0.2 percent to $908.50 while palladium gained 1.7 percent to $1,876.14.

In European Equity Markets stocks rose on Friday, pushing them into positive territory for the week as investors started to scale back central bank tightening bets, spurring inflows into risky assets. The pan-European STOXX 600 index marked its best session in more than three months. Healthcare, banks and technology, sectors led broad-based gains on the day. France’s Sanofi and UK’s GlaxoSmithKline rose 5.0 percent and 2.1 percent after a late-stage data on an experimental COVID-19 vaccine from the drugmakers showed the shot confers protection against the Omicron variant of the vaccine.

In Bond Markets U.S. Treasury yields rose from two-week lows on Friday as investors weighed the likelihood that the Federal Reserve will spark an economic downturn as it aggressively hikes interest rates in a bid to stem rising inflation. Benchmark 10-year yields were last at 3.125 percent. They have fallen from 3.498 percent on June 14, the highest since April 2011. Two-year Treasury yields were at 3.053 percent, down from 3.456 percent on June 14, which was the highest since November 2007.