In Asian Equity Markets Chinese markets bounced in early trade, as the U.S. and China appeared close to finalizing a “phase one” trade deal. The Shanghai composite was up around 0.55%, while the Shenzhen composite jumped nearly 1%. Hong Kong’s Hang Seng index rose 0.62%. Australia’s S&P/ASX 200 inched up 0.14%. Major miners gained: Rio Tinto was up nearly 1%, Fortescue Metals jumped 1.93%, while BHP Billiton rose 1.20%. Over in Japan, the Nikkei 225 climbed 0.23%, and South Korea’s Kospi gained 0.32%.

In Currency Markets the U.S. dollar traded near the highest in more than two months versus the yen on Monday ahead of a U.S. Federal Reserve meeting this week where policymakers are expected to cut interest rates but emphasize their reluctance to ease policy further. Sterling edged lower versus the dollar and the euro, with an agreement expected later on Monday to delay Britain’s divorce from the European Union to Jan. 31 after Prime Minister Boris Johnson failed to win approval for his Brexit timetable.

In Commodities Markets oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. Brent crude was down 1 cent at $62.01 a barrel, having logged a weekly gain of more than 4% last week, its best weekly gain since Sept. 20. West Texas Intermediate (WTI) crude futures were down 4 cents at $56.62 a barrel, having risen more than 5% last week, also the biggest weekly increase since Sept. 20.

In US Equity Markets stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three months ago. The S&P 500 gained 0.41%, to 3,022.55 and the Nasdaq Composite rose 0.7%, to 8,243.12. Shares of VF Corp fell 7.3% after the apparel maker reported lower-than-expected quarterly revenue as competition intensified for its Vans and Timberland brands.

In Bond Markets U.S. Treasury yields rose on Friday after the United States said it was close to finalizing parts of a trade deal with China, suggesting that with global risks easing the Federal Reserve may not have to be aggressive in cutting interest rates this year and next. Yields on U.S. five-year, seven-year, and benchmark 10-year notes climbed to a five-week peaks, while those on two-year notes hit a three-week high. U.S. 10-year note yields edged up to 1.796% from 1.766% late on Thursday.