In Asian Equity Markets stocks fell on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. MSCI’s broadest index of Asia-Pacific shares outside Japan fell a further 0.6 percent, though Chinese blue chips did manage to gain 0.7 percent. South Korea’s KOSPI shed 1.3 percent while Japan’s Nikkei fell 0.5 percent, though it has drawn support from the recent sharp reversal in the yen.

In Currency Markets the U.S. dollar hit a fresh five-week high versus major peers on Monday after more Fed officials flagged the likelihood of continued aggressive monetary tightening ahead of the central bank’s key Jackson Hole symposium this week. The U.S. dollar index edged up to 108.26 for the first time since July 15 early in the Asian session before trading flat at 108.12. Meanwhile, the euro fell as low as $1.0026 for the first time since July 15 before trading flat at $1.0040. Sterling was little changed at $1.18325. Against Japan’s currency the dollar climbed as high as 137.44 yen, the strongest since July 27.

In US Equity Markets stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains. The Dow fell 0.86 percent, to 33,706.74, the S&P 500 lost 1.29 percent, to 4,228.48 and the Nasdaq Composite lost 2.01 percent, to 12,705.22. The S&P banking index fell 2.1 percent after recent gains. Shares of Deere & Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.

In Commodities Markets oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Spot gold fell 0.6 percent to $1,748.58 per ounce. Spot silver fell 2.2 percent to $19.09 per ounce, en route a fall of 8.3 percent this week, possibly its worst since September 2020. Platinum fell 1.9 percent to $893.30, while palladium was down 1.6 percent to $2,121.23.

In European Equity Markets stocks fell on Friday and posted a weekly loss as the highest-ever jump in German producer prices in July added to gloom over the economic outlook for the region’s biggest economy and rekindled fears of a recession. The pan-European STOXX 600 ended 0.8 percent lower, with travel stocks leading the declines. Just Eat Takeaway.com rose 25.8 percent to top the STOXX 600 after agreeing to sell 33 percent stake in Brazil’s iFood to technology investor Prosus for up to 1.8 billion euros ($1.8 billion). Prosus shares lost 1.3 percent.

In Bond Markets U.S. Treasury yields rose on Friday with the benchmark 10-year note nearly hitting 3 percent after Germany reported record-high increases in monthly producer prices, which are seen as a leading indicator for inflation. The U.S. benchmark 10-year Treasury yield, an important barometer for mortgage rates and other financial instruments, rose about 10 basis points from its close on Thursday to a month high of 2.988 percent. The five-year note yield climbed to 3.114 percent, a new one-month high, while the two-year climbed to 3.265 percent, faring better than longer-dated bonds.