In Asian Equity Markets tech stocks fell on Tuesday and a regional equity gauge suffered its biggest slide in nearly two months after a selloff on Wall Street, as traders braced for U.S. inflation data amid worries growing price pressures might bring forward rate rises. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 1.7 percent by mid-session, and Japan’s Nikkei fell 2.8 percent. The Hang Seng tech index fell 4 percent and dragged the broader market down 2 percent. China’s blue-chip CSI300 index fell 0.5 percent in morning trade.

In Currency Markets the dollar hovered near multi-month lows on Tuesday with lofty commodity prices lending support to exporters’ currencies, though caution about U.S. inflation bringing forward rate rises kept the greenback from sliding. The resource-sensitive Australian dollar sat by Monday’s two-month high and was steady around $0.7831. The similarly exposed Canadian currency, which touch an almost four-year high on Monday, held at C$1.2096 per dollar. The euro was broadly steady at $1.2142 after touching a two-month top on Monday and the yen held at 108.81 per dollar.

In US Equity Markets stocks closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens. The Dow fell 0.1 percent, the S&P 500 lost 1.04 percent, and the Nasdaq Composite was down 2.55 percent. Of the 11 major sectors in the S&P 500, six closed red. Tech was the biggest loser, falling 2.5 percent. Hotel operator Marriott International Inc missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1 percent.

In Commodities Markets oil prices pared earlier gains on Tuesday as concerns that rising COVID-19 cases in Asia will dampen demand outweighed the impact of the shutdown of major fuel pipelines in the United States following a cyber attack. Brent crude was little changed at $68.31 per barrel and U.S. crude was also largely flat at $64.91 a barrel. U.S. gold futures were down 0.1 percent at $1,836.40 per ounce. Silver was little changed at $27.31 per ounce, while platinum was down 0.4 percent at $1,242.17. Palladium fell 0.2 percent to $2,953.59 per ounce.

In European Equity Markets stocks were up on Monday as miners led gains after commodity prices rose and optimism about the reopening of economies and easy monetary policy lifted sectors that typically benefit from a recovery. The pan-European STOXX 600 index rose 0.1 percent, with miners rallying 2.3 percent. London’s FTSE 100 fell 0.1 percent. London-listed miners, such as Rio Tinto, BHP Group and Glencore rose between 1.7 percent and 2.6 percent. The European travel and leisure sector declined 1.4 percent, with highly valued technology stocks falling 2.4 percent.

In Bond Markets longer-dated U.S. Treasury yields rose on Monday, reversing course in the session, as investors awaited data later this week on inflation and auctions that will bring a burst of supply to the market. The yield on 10-year Treasury notes was up 2.3 basis points at 1.602 percent. Still, inflation expectations rose on Monday, with the breakeven rate on five-year U.S. Treasury Inflation-Protected Securities (TIPS) reaching 2.72 percent, its highest since April 2011, after closing at 2.681 percent on Friday.