In Asian Equity Markets stocks rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Fed meets on policy this week. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.26 percent after touching its lowest level since mid-December on Monday, weighed down by big Chinese stocks. Japan’s Nikkei rose 0.58 percent. Chinese blue chips rose 0.15 percent, and the Hong Kong benchmark rose 0.31 percent, though real estate, healthcare, education stocks were still down.

In Currency Markets the U.S. dollar hovered below recent peaks on Tuesday, as investors turned to this week’s Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply from an attempt to break out of a monthslong range. The dollar held at $1.1809 per euro in Asia, finding support after a small decline on Monday. It bought 110.18 yen and the Australian and New Zealand dollars held onto small gains made Monday. The Chinese yuan has held up despite turmoil in equities and was steady at 6.4760.

In US Equity Markets all three major U.S. stock indexes eked out record closing highs for a second straight session on Monday as investors were optimistic heading into a slew of earnings from heavyweight technology and internet names this week, while caution ahead of a Fed policy meeting kept the market in check. The Dow rose 0.24 percent, to 35,144.31, the S&P 500 gained 0.24 percent, to 4,422.3 and the Nasdaq Composite added 0.03 percent, to 14,840.71. Shares of Tesla Inc, which reported quarterly results after the market close, were up about 1 percent in after-hours trading.

In Commodities Markets gold edged lower on Monday as investors turned cautious in the run-up to a Fed policy meeting, overshadowing some support from a weaker dollar. Spot gold was down 0.2 percent at $1,798.41 per ounce, while silver rose 0.2 percent to $25.22 an ounce. Among other metals, platinum gained 0.8 percent to $1,070.11 an ounce and palladium was slightly up at $2,672.98. Oil prices reversed earlier losses, buoyed by views that a tight supply for the rest of the year will support prices. U.S. crude recently fell 0.01 percent to $72.06 per barrel while Brent was at $74.50, up 0.54 percent on the day.

In European Equity Markets stocks eased from all-time highs on Monday, hurt by a decline in shares of Dutch technology investor Prosus on regulatory clampdowns in China. The pan-European STOXX 600 index fell 0.1 percent, snapping a four-session rally. Prosus NV, which has a 28.9 percent stake in Tencent, fell 8.8 percent to a more than one-year low after Beijing intensified its regulatory crackdown on the Chinese internet giant. Germany’s DAX index fell 0.3 percent after an Ifo institute survey showed business morale fell unexpectedly in July on continuing supply chain worries.

In Bond Markets U.S. Treasury yields drifted higher in choppy trading on Monday, recovering from sharp falls earlier in the session and tracking shifts in risk appetite, with investors cautious ahead of the Federal Reserve’s monetary policy meeting this week. In late afternoon trading, the U.S. 10-year Treasury yield rose to 1.293 percent from 1.285 percent late on Friday. U.S. 30-year yields were up at 1.941 percent from Friday’s 1.924 percent. Post-auction, U.S. 2-year note yields were down at 0.196 percent, compared with 0.2 percent last Friday.

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