In Asian Equity Markets stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat. A negative tone was evident as Hong Kong’s Hang Seng Index slid 0.38 percent and the mainland’s CSI300 Index fell 0.37 percent, led by a 1.5 percent decline in technology firms. Australian shares gained 0.42 percent while Japan’s Nikkei stock index was 0.8 percent higher.

In Currency Markets the dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S. rates and turned hopeful that loosening lockdowns in China can help global growth. The Aussie was last up 0.4 percent at $0.7080 and has lifted 3.8 percent in a week and a half. The kiwi rose 0.6 percent to $0.6450, a three-week high. The euro and yen rose, with the yen up 0.1 percent to 127.83 per dollar and the euro up 0.2 percent at $1.0586 following last week’s 1.5 percent gain on the dollar. The U.S. dollar index fell 0.1 percent to 102.790.

In US Equity Markets stocks ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 edged up 0.01 percent to end the session at 3,901.36 points. The Nasdaq declined 0.30 percent to 11,354.62 points, while the Dow rose 0.03 percent to 31,261.90 points. Recent disappointing forecasts from big retailers Walmart, Kohl’s Corp and Target Inc  have rattled market sentiment, adding to evidence that rising prices have started to hurt the purchasing power of U.S. consumers.

In Commodities Markets oil prices rose on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand. Brent futures for July delivery rose 0.5 percent, to $112.55 a barrel. U.S. WTI crude for June rose 0.9 percent, to settle at $113.23 on its on its last day as the front-month. Spot gold was up 0.1 percent to $1,843.29 per ounce. Silver fell 0.1 percent to $21.69 per ounce. Platinum fell 1.4 percent to $948.77, while palladium eased 2.4 percent to $1,958.81.

In European Equity Markets stocks rose on Friday, with a boost from defensive sectors after hopes of an economic recovery in major trading partner China were bolstered by more central bank stimulus, though they still ended the week in the red. Travel and tourism stocks, financial services, healthcare and utilities led gains in Europe, rising between 1.5 percent and 2.0 percent, lifting the pan-European STOXX 600 index 0.7 percent. Luxury stocks took a hit as Richemont lost 13.1 percent, after the company struck a cautious note over growth in China after its full-year profit disappointed.

In Bond Markets U.S. Treasury yields fell for a third straight session on Friday, with benchmark 10-year yields hitting fresh three-week lows, as investors grew concerned about increasing signs of an economic slowdown even as the Federal Reserve vowed to stay aggressive with monetary tightening. In afternoon trading, the benchmark U.S. 10-year yield fell 7.4 basis points to 2.7811 percent, after earlier touching 2.774 percent, a three-week trough. The 30-year yield fell as well, falling 7.3 bps to 2.994 percent. On the front end of the curve, U.S. two-year yields fell 3.3 bps to 2.578 percent.