In Asian Equity Markets indices  were mixed on Monday as energy stocks declined after oil prices fell last week to their lowest levels in more than a year. The Shanghai composite was up slightly by about 0.3 percent, while the Shenzhen composite rose 0.1 percent. Meanwhile, Hong Kong’s Hang Seng index saw gains of 1.6 percent. Elsewhere in Asia, Japan’s Nikkei 225 rose 0.78 percent in afternoon trade while the Topix index saw gains of 0.28 percent. South Korea’s Kospi advanced 1.1 percent.

In Currency Markets the US dollar rose versus its major peers on Monday, as investors sought shelter in safe haven currencies as fears of a global growth slowdown and U.S.-Sino trade tensions sapped risk appetite. The greenback and the yen, both considered safe haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam. The euro traded marginally lower at $1.1335. The New Zealand dollar lost 0.3 percent to trade at $06760 as investors took in weaker-than-expected retail sales data.

In Commodities Markets oil prices steadied on Monday after falling nearly 8 percent in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. Front-month Brent crude oil futures were at $59.23 per barrel, up 43 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures, were up 11 cents, or 0.2 percent, at $50.53 per barrel. The gains did little to make up for Friday’s selloff, which traders have already dubbed ‘Black Friday’.

In US Equity Markets stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018. Shares of oil majors Chevron and Exxon Mobil fell 3.4 percent and 2.7 percent, respectively. The S&P 500 lost 0.66 percent, to 2,632.56 and the Nasdaq Composite declined 0.48 percent, to 6,938.98. The S&P 500 ended about 10.2 percent down from its Sept. 20 closing record high, confirming it had entered a correction.

In Bond Markets benchmark U.S. Treasury yields fell to eight-week lows on Friday and the yield curve flattened as falling stock and oil prices increased safe-haven buying of long-dated U.S. government bonds. Benchmark 10-year notes gained 5/32 in price to yield 3.043 percent, after earlier dropping to 3.032 percent, the lowest level since Sept. 28 and down from 3.061 percent on Wednesday. The bond market was closed on Thursday for the Thanksgiving holiday and closed early on Friday at 2 p.m. (1900 GMT).