In Asian Equity Markets stocks fell on Monday as traders hunkered down ahead of more cues on monetary policy from key U.S. inflation data due this week, while Chinese stocks rose as investors continued to bet on a reopening-led recovery this year. Japan’s Nikkei 225 index was the worst performer for the day, down 1 percent. Technology-heavy bourses also fell, with the Taiwan Weighted index, South Korea’s KOSPI, and Hong Kong’s Hang Seng down between 0.3 percent and 0.6 percent. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose 0.5 percent and 0.6 percent, respectively.

In Currency Markets the U.S. dollar edged higher in early European trade Monday, trading close to a five-week high ahead of the week’s keenly-awaited U.S. inflation data, which could provide more clarity about the Federal Reserve’s rate hike path. The euro traded flat at $1.0675, not far removed from Monday’s five-week low of $1.0656. Sterling fell 0.1 percent to $1.2049. Against Japanese yen, the dollar climbed 0.6 percent to 132.13. The Dollar Index traded 0.1 percent higher at 103.640, not far removed from last Tuesday’s high of 103.96, the strongest level since Jan. 6.

In US Equity Markets the Nasdaq ended lower on Friday as megacap growth stocks came under pressure after Treasury yields pointed to higher interest rates and shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. The Dow ended up 0.5 percent, to 33,869.4, the S&P 500 gained 0.22 percent, to 4,090.48 and the Nasdaq Composite lost 0.61 percent, to 11,718.12. Lyft Inc lost 36.44 percent as it lowered prices, raising concerns it was falling behind bigger rival Uber Technologies Inc. Uber shares also fell 4.43 percent.

In Commodities Markets oil prices rose more than 2 percent on Friday and posted weekly gains of over 8 percent, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel. Brent crude futures rose to settle at 2.2 percent, to $86.39 a barrel. U.S. West Texas Intermediate crude futures (WTI) were up 2.1 percent, at $79.72. Spot gold was up 0.2 percent to $1,864.10 per ounce. Spot silver rose 0.3 percent at $22.05 per ounce, while palladium sank 5.4 percent to $1,541.05. Platinum fell 0.9 percent to $945.42.

In European Equity Markets stocks fell on Friday, pressured by a jump in yields as investors grappled with the prospect of a prolonged period of interest rate hikes by top central banks, while a dour outlook by Adidas added to the downbeat sentiment. The pan-European STOXX 600 closed down 1.0 percent, logging its first weekly decline in three weeks. Adidas lost 10.9 percent, logging its steepest decrease in nearly three years after the sportswear maker warned it could plunge to a loss this year for the first time in three decades. The company’s peer PUMA SE also fell 4.6 percent.

In Bond Markets U.S. Treasury yields rose on Friday as investors continued to digest last week’s strong employment report and await next week’s latest consumer price index and retail sales figures. Benchmark 10-year note yields were last at 3.749 percent, their highest since Jan. 6. They have fallen from a 15-year high of 4.338 percent on Oct. 21, based on expectations that Fed tightening will lead to a recession this year. Meanwhile, two-year yields reached 4.525 percent, the highest since Nov. 30.