In Asian Equity Markets fell in Monday morning trade. In mainland China, the Shanghai composite rose 0.12%, while the Shenzhen component added 0.15%. Hong Kong’s Hang Seng index fell 0.57%. The Nikkei 225 in Japan declined 0.44% in morning trade, as index heavyweight and robot maker Fanuc’s stock fell 1.2%. Over in South Korea, the Kospi dropped 1.56% as shares of chipmaker SK Hynix fell 2.63%. Australia’s S&P/ASX 200, on the other hand, rose 0.27% as most of the sectors traded higher.

In Currency Markets the U.S. dollar clung to a two-month high against a basket of currencies in Asia on Monday after better-than-expected U.S. GDP data last week enhanced its yield attraction against rival currencies. Against the yen, the dollar slipped 0.2% to 108.47 yen due largely to month-end selling by Japanese exporters, after having hit a two-week peak of 108.83 yen on Friday. The euro stood at $1.11315, almost flat in Asia and not far from Thursday’s low of $1.1101, a trough since May 2017.

In Commodities Markets oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as “constructive”, suggesting an easing of tensions in the Middle East. Brent crude futures were up 23 cents, or 0.4%, at $63.23 a barrel. Prices rose 1.6% last week. U.S. WTI crude was down by 12 cents, or 0.2%, at $56.08 a barrel. WTI gained 1% last week. U.S. economic growth slowed less than expected in the second quarter with a boom in consumer spending, strengthening the outlook for oil consumption.

In US Equity Markets robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday. Starbucks rallied 9% to a record high after the world’s largest coffee chain posted its biggest same-store sales growth in three years. Alphabet Inc surged 10.2% after beating Wall Street targets on higher ad sales and growth at its cloud unit, a high-margin business it is leaning more on to drive expansion. The S&P 500 was up 0.67%, at 3,023.69. The Nasdaq Composite rose 1.06%, at 8,326.04.

In Bond Markets U.S. Treasuries were steady on Friday, after yields briefly rose on data showing that U.S. economic growth slowed less than expected in the second quarter. Benchmark 10-year Treasuries fell 1/32 in price to yield 2.077%, up from 2.074% late on Thursday. The yields rose as high as 2.100% immediately after the GDP data. The Federal Reserve is viewed as certain to cut rates when it meets next week even as the U.S. economy improves.