In Asian Equity Markets stocks were mixed on Tuesday as recent losses invited some bargain hunting in the space, although losses in technology stocks and concerns over rising COVID-19 cases in China pressured most major bourses. China’s blue-chip Shanghai Shenzhen CSI 300 index fell 0.1 percent, while the Shanghai Composite index was flat. Hong Kong’s Hang Seng index slid 1.5 percent, while South Korea’s KOSPI fell 0.5 percent. Japan’s Nikkei 225 index added 0.6 percent, while Australian stocks also rose 0.6 percent.

In Currency Markets the dollar retreated on Tuesday following an overnight rally that saw investors flocking to the safe-haven currency on worries over China’s COVID flare ups, though cautious risk sentiment kept the greenback supported. The euro was up 0.12 percent at $1.0253, after its 0.8 percent overnight loss, while sterling rose 0.25 percent to $1.1845, partially reversing its 0.6 percent fall overnight. The Japanese yen last traded 0.2 percent higher at 141.79 per dollar. The U.S. dollar index fell 0.08 percent to 107.68. It had risen close to 0.8 percent overnight, the largest daily gain since Nov. 3.

In US Equity Markets main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most severe test of the pandemic. The Dow fell 0.13 percent, to 33,700.28, the S&P 500 lost 0.39 percent, to 3,949.94 and the Nasdaq Composite fell 1.09 percent, to 11,024.51. Tesla Inc fell 6.84 percent after the electric-car maker said it will recall vehicles in the United States over an issue that may cause tail lights to intermittently fail to illuminate. Walt Disney Co rose 6.30 percent after Bob Iger’s return as chief executive to the entertainment giant.

In Commodities Markets oil prices rebounded from early losses on Monday after Saudi Arabia denied a report it was discussing an increase in oil supply with OPEC and its allies. Brent crude futures for January settled at $87.45, shedding 17 cents. U.S. West Texas Intermediate (WTI) crude futures for December settled at $79.73 a barrel, falling 35 cents ahead of the contract’s expiry later on Monday. Spot gold fell 0.7 percent to $1,738.40 per ounce. Spot silver fell 0.3 percent to $20.85 per ounce and platinum rose 0.8 percent to $985.13. Auto-catalyst metal palladium fell 4 percent to $1,860.26.

In European Equity Markets stocks were little changed on Monday as gains in defensive food and beverage and healthcare companies were offset by declines in heavyweight commodity stocks on worries about the impact of rising COVID-19 cases in China. Before closing down 0.06 percent, the Europe’s STOXX 600 index swung up and down during the entire session after marking its fifth straight weekly advance on Friday. Mining, travel & leisure, and industrial goods and services sectors fell between 0.2 percent and 1.5 percent.

In Bond Markets U.S. Treasury yields across most maturities inched higher at the start of a holiday-shortened week on Monday amid expectations of further Federal Reserve interest rate hikes, while the yield curve remained deeply inverted on concerns the central bank’s tightening will weigh on economic growth. The yield on 10-year Treasury notes was up marginally, at 3.826 percent, while the yield on the 30-year Treasury bond was down 2 basis points at 3.907 percent. The two-year U.S. Treasury yield was up nearly 4 basis points at 4.548 percent.