In Asian Equity Markets mainland Chinese stocks fell in early trade after seeing explosive gains on Monday. The Shanghai composite fell around 0.2 percent. Meanwhile, Hong Kong’s Hang Seng index also fell 0.45 percent. Japan’s Nikkei 225 was largely flat while the Topix declined fractionally in morning trade. Shares of robot maker Fanuc fell around 0.8 percent. In South Korea, the Kospi fell 0.29 percent as shares of industry heavyweight Samsung Electronics falling more than 0.4 percent.

In Currency Markets the pound jumped to a near four-week peak against the dollar on Tuesday on reports of a delayed Brexit deadline, and the safe-haven yen moved off the weakest seen this year as a drop in U.S. equity futures checked investors’ risk appetite. Sterling spiked to its highest against the U.S. currency since late January after Bloomberg News reported that British Prime Minister Theresa May was considering delaying the March 29 deadline for U.K.’s exit from the European Union. The pound was last up 0.4 percent on the day at $1.3143.

In Commodities Markets oil prices fell on Tuesday, extending losses of more than 3 percent during the previous session, after U.S. President Donald Trump called on OPEC to ease its efforts to boost the market. International Brent futures were at $64.66 a barrel, down 10 cents, or 0.2 percent, from their last close. Brent, which fell 3.5 percent on Monday, fell to as low as $64.32 a barrel on Tuesday, the lowest since Feb. 14. U.S. West Texas Intermediate (WTI) crude futures were at $55.19 per barrel, down 29 cents, or 0.5 percent. WTI futures dropped 3.1 percent on Monday.

In US Equity Markets indexes ended higher on Monday but well below the session’s highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports. The S&P 500 gained 0.12 percent, to 2,796.11 and the Nasdaq Composite added 0.36 percent, to 7,554.46. A flurry of M&A activity also helped the risk-on sentiment. The Nasdaq Biotechnology Index rose 2 percent, its biggest boost coming from shares in Spark Therapeutics Inc, which jumped 120 percent after Swiss drugmaker Roche Holding AG agreed to buy it for $4.3 billion.

In Bond Markets U.S. Treasury yields rose on Monday as investors reduced their holdings to make room for a wave of supply and traders rolled back their safe-haven positions after U.S. President Donald Trump postponed an increase in tariffs on China. The U.S. Treasury Department sold $168 billion in government securities on Monday, including $40 billion in two-year notes and $41 billion in five-year debt, to solid investor demand. The yield on benchmark 10-year Treasury notes was up 1.8 basis points at 2.6734 percent. Two-year Treasury notes were up 2.1 basis points at 2.5120 percent.