In Asian Equity Markets stocks fell on Tuesday as relief at a rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.3 percent in hesitant trading. Japan’s Nikkei fell 0.4 percent and Chinese blue chips eased 0.3 percent. Japan’s manufacturing activity grew at the slowest pace in three months in May amid supply bottlenecks, while Toyota announced a cut in its output plans.

In Currency Markets the safe-haven dollar clawed back some of its overnight losses on Tuesday and the yen also strengthened as U.S. stock futures sank following a profit warning from Snapchat, souring the mood after Wall Street’s strong start to the week. The greenback, though, fell against pre-eminent haven currency the yen, falling 0.18 percent to 127.695 yen. The euro retreated 0.21 percent to $1.0672. The risk-sensitive Aussie dollar lost 0.46 percent to $0.70775, and sterling declined 0.22 percent to $1.2558.

In US Equity Markets stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street’s longest streak of weekly declines since the dotcom bust more than 20 years ago. The Dow rose 1.98 percent, to 31,880.24, the S&P 500 gained 1.86 percent, to 3,973.75 and the Nasdaq Composite added 1.59 percent, to 11,535.28. Shares of VMWare Inc rose 24.8 percent following reports over the weekend that chipmaker Broadcom Inc was in talks to acquire the cloud service provider. Broadcom lost 3.1 percent.

In Commodities Markets oil prices were little changed on Monday, settling just slightly higher as worries over a possible recession vied with an outlook for higher fuel demand with the upcoming U.S. summer driving season and Shanghai’s plans to reopen after a two-month coronavirus lockdown. U.S. WTI crude settled up 0.01 percent, at $110.29 a barrel, while Brent crude futures settled up 0.7 percent, to at $113.42. Spot gold rose 0.4 percent to $1,853.70 per ounce. Spot silver gained 0.2 percent to $21.79 per ounce, platinum was up 0.1 percent to $956.76 and palladium rose 1.3 percent to $1,988.44.

In European Equity Markets stocks ended decidedly higher on Monday as an unexpected rise in German business morale underscored the resilience of the region’s largest economy, while wind turbine maker Siemens Gamesa jumped on a takeover offer. After rising as much as 1.3 percent earlier in the day, the pan-European STOXX 600 index ended 1.3 percent higher. German shares rose 1.4 percent. Siemens Gamesa jumped 6.2 percent after Siemens Energy launched a 4.05 billion-euro ($4.3 billion) bid for minority holdings in struggling wind turbine unit.

In Bond Markets U.S. Treasury yields rose on Monday as risk sentiment improved ahead of a busy week that will include minutes from the Federal Reserve’s latest meeting and new supply of short- and intermediate-dated debt. Benchmark 10-year notes rose seven basis points at 2.861 percent. Two-year note yields gained four basis points to 2.627 percent. Breakeven rates on five-year Treasury Inflation-Protected Securities (TIPS), a measure of expected average annual inflation for the next five years, were at 2.94 percent on Monday, after reaching a peak of 3.62 percent last month.