In Asian Equity Markets Japanese stocks closed higher on Tuesday, tracking overnight gains on Wall Street, as heavyweights SoftBank Group and other technology stocks jumped along with energy and transport sectors. The Nikkei index ended up 0.87 percent at 27,732.10, while the broader Topix gained 1 percent to 1,934.20. MSCI’s broadest index of Asia-Pacific shares outside Japan rallied 1.3 percent, with South Korean index rising 1 percent. Australia shares were up 0.2 percent and Taiwan stocks rose 0.6 percent.

In Currency Markets the dollar was smarting on Tuesday following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases. The euro, which rose 0.4 percent on Monday, eased a tiny bit to $1.1738 and the dollar index edged up from a one-week low to 93.038. Dollar selling did not extend in the Asia session, leaving the Aussie steady at $0.7217, the kiwi at $0.6895 and sterling a fraction softer at $1.3717.

In US Equity Markets stocks rallied on Monday, and the Nasdaq reached an all-time closing high as sentiment was boosted by full FDA approval of a COVID-19 vaccine and market participants looked ahead to the Jackson Hole Symposium expected to convene later this week. The Dow rose 0.61 percent, to 35,335.71, the S&P 500 gained 0.85 percent, to 4,479.53 and the Nasdaq Composite added 1.55 percent, to 14,942.65. General Motors Co fell 1.3 percent following its announcement that it would take a $1 billion hit to expand the recall of its Chevrolet Bolt electric vehicles.

In Commodities Markets gold vaulted over the key $1,800 psychological level on Monday as a retreat in the dollar pushed investors to bullion, with rising coronavirus cases driving expectations that the U.S. Fed might delay tapering of economic support. Spot gold rose 1.3 percent to $1,803.29. Silver was up 2.5 percent to $23.59 per ounce and palladium bouncing off a five-month low to gain about 6 percent to $2,408.69. Platinum climbed 2.4 percent to $1,019.44 per ounce. Brent crude climbed 5.5 percent, while U.S. WTI crude for October delivery rose 5.6 percent, to settle at $65.64.

In European Equity Markets stocks recovered from their biggest weekly loss in nearly six months on Monday, helped by mining and oil stocks as commodity prices bounced back from steep losses driven by uncertainty over U.S. monetary policy and rising COVID-19 cases. The pan-European STOXX 600 index closed 0.7 percent. Oil and mining were the best performing sectors, rising about 2.1 percent and 1.5 percent respectively. Germany’s BioNTech rose 7.6 percent after the U.S. Food and Drug Administration granted full approval to the Pfizer Inc/BioNTech COVID-19 vaccine.

In Bond Markets U.S. Treasury yields ended marginally lower on Monday in light trading volumes as investors waited on comments from Federal Reserve Chair Jerome Powell on Friday for any new clues on when the U.S. central bank may begin paring bond purchases. Benchmark 10-year yields fell less than a basis point on the day to 1.253 percent. The yields are in the middle of their recent range after falling from a one-month high of 1.379 percent on Aug. 12, while holding above a six-month low of 1.127 percent reached earlier this month.