In Asian Equity Markets stocks rose on Tuesday tracking some overnight strength in Wall Street, although caution in anticipation of more cues on the U.S. economy from key inflation data kept most bourses trading within a small range. South Korea’s KOSPI and the Taiwan Weighted index added about 0.7 percent each, while Hong Kong’s Hang Seng index rose 0.2 percent. Japan’s Nikkei 225 index rose 0.7 percent. Australia’s ASX 200 index crept 0.2 percent higher, although data showed that local consumer sentiment deteriorated sharply in early-February.

In Currency Markets the U.S. dollar retreated in early European trade Tuesday ahead of the latest readout of U.S. consumer inflation, while the yen gained upon the nomination of the next governor of the Bank of Japan. The Dollar Index traded 0.2 percent lower at 103.028. Against the Japanese yen, the dollar fell 0.3 percent to 132.04, following the nomination of Kazuo Ueda to be the next governor of the Bank of Japan. Euro traded 0.2 percent higher at $1.0737, ahead of the release of the latest iteration of growth data for the region. Sterling rose 0.2 percent to $1.2161.

In US Equity Markets stocks closed sharply higher on Monday as investors awaited inflation data likely to hint at the path of the Fed’s future interest rate hikes, while Meta Platforms gained after a report that the Facebook parent was planning fresh layoffs. The S&P 500 climbed 1.15 percent to end the session at 4,137.32 points. The Nasdaq gained 1.48 percent to 11,891.79 points, while the Dow rose 1.11 percent to 34,246.13 points. Ten of the 11 S&P 500 sector indexes rose, led by information technology, up 1.77 percent, followed by a 1.46 percent gain in consumer discretionary. The energy index fell 0.6 percent.

In Commodities Markets oil prices edged higher on Monday, rebounding from early losses, as investors weighed Russia’s plans to cut crude production and short-term demand concerns ahead of U.S. inflation data this week. Brent futures for April delivery rose 0.3 percent, to $86.61 a barrel, while U.S. crude rose 0.5 percent, to $80.14 per barrel gain. Spot gold fell 0.5 percent to $1,854.79 per ounce. Spot silver fell 0.4 percent to $21.91 per ounce, platinum gained 1 percent to $954.32. Palladium rose 1.8 percent to $1,569.53 after falling to a near three-year low earlier in the session.

In European Equity Markets stocks rose on Monday as focus turned to inflation data from the United States due later in the week, while defence stocks jumped on news of India aiming to triple its defence exports. Broad-based gains helped the pan-European STOXX 600 end 0.9 percent higher, with shares of Swedish defence equipment maker SAAB jumping 7.4 percent to the top of the index. All major bourses in Europe rose, with London’s blue-chip FTSE 100 up 0.8 percent and hitting its record closing level. The STOXX aerospace and defense index rose 1.9 percent.

In Bond Markets benchmark 10-year U.S. Treasury yields fell on Monday from a six-week high amid mixed market expectations for the latest inflation data and the Federal Reserve’s response. After reaching a high of 3.755 percent, their highest since Jan. 6, benchmark 10-year note yields have since fell to 3.718 percent. Two-year yields, which are particularly sensitive to moves in rates expectations, rose to 4.537 percent, their highest since late November.