In Asian Equity Markets stocks bounced back from recent losses on Tuesday, with Chinese bourses leading gains after Beijing rolled out more stimulus measures, while social media rumors suggested that the Chinese government was considering the scaling back of its anti-COVID policies. China’s blue-chip Shanghai Shenzhen CSI 300 index rose nearly 3 percent, while the Shanghai Composite index added 2.2 percent. Hong Kong stocks also rallied, with the Hang Seng index jumping over 4 percent. Japan’s Nikkei 225 index sank 0.4 percent. Australia’s ASX 200 index also added 0.3 percent.

In Currency Markets the yuan jumped against the dollar on Tuesday ahead of a COVID-19 press briefing in China that is spurring hopes of a potential easing in the country’s strict pandemic restrictions following an unprecedented episode of unrest. The onshore yuan was up 0.66 percent at 7.1594 per dollar. The Aussie , often used as a liquid proxy for the yuan, rose 0.8 percent to $0.6708. The kiwi similarly gained 0.9 percent to $0.6214. Sterling strengthened 0.4 percent to $1.2007. The euro was up 0.4 percent at $1.0382. The Japanese yen last traded about 0.3 percent higher at 138.525 per dollar.

In US Equity Markets stocks fell on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. The Nasdaq Composite Index declined 1.58 percent to 11,049.50 points, while Dow fell 1.45 percent to 33,849.46 points. The S&P 500 declined 1.54 percent to end the session at 3,963.95 points. Shares of Amazon.com Inc rose 0.6 percent after an industry report estimated spending during Cyber Monday, the biggest U.S. online shopping day, would rise to as much as $11.6 billion.

In Commodities Markets global oil benchmarks pulled back from their lowest levels in nearly a year on Monday, with U.S. crude ending positive, bolstered by talk of an OPEC+ production cut that offset concerns about strict COVID-19 curbs in China, the world’s biggest crude importer. U.S. WTI crude settled up 1.3 percent, at $77.24. Brent crude also briefly turned positive, but settled down 0.5 percent, at trade at $83.19 a barrel. Spot gold fell 0.8 percent to $1,741.35 per ounce. Silver fell 3 percent to $20.94 per ounce. Platinum rose 0.6 percent to $986.68 while palladium fell 0.8 percent to $1,838.53.

In European Equity Markets stocks fell on Monday, in line with a rout in global markets on economic jitters due to rare protests in China against stringent COVID-19 curbs, while shares of Airbus slid 5.7 percent on a report the planemaker may delay some jet deliveries. The pan-European index closed 0.7 percent lower. Credit Suisse’s shares fell 4.2 percent to log a record closing low, while the cost of insuring its debt against default rose as the Swiss bank struggled to win over rattled investors following an exodus of client cash and with more litigation on the horizon.

In Bond Markets Treasury prices pared earlier gains on Monday after regional Federal Reserve presidents pushed back on the notion that the U.S. central bank could soon cut interest rates to revive an economy that is not robust as a tight labor market may suggest. The two-year Treasury yield, which often moves in step with interest rate expectations, slid 0.8 basis points at 4.471 percent, while the yield on benchmark 10-year notes rose 0.5 basis points to 3.707 percent. The yield on the 30-year Treasury bond was up 0.1 basis points to 3.753 percent.