In Asian Equity Markets stocks scaled a 2-1/2-week top as investors cheered a cordial opening to a key meeting between U.S. President Joe Biden and Chinese leader Xi Jinping, which helped nudge China’s yuan to a five-month high and pulled the dollar broadly lower. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.27 percent to its highest level since Oct. 27, while Tokyo’s Nikkei gained 0.4 percent. Chinese blue chips rose 0.5 percent and the Hong Kong benchmark jumped 1 percent, also underpinned by property stocks after suggestions of an easing in policy curbs on the sector.

In Currency Markets the dollar eased broadly against riskier currencies and the yuan scaled a five-month high on Tuesday, as talks between U.S. and Chinese leaders seemed to have an amicable start, while traders awaited looming U.S. retail sales data. The euro also scraped off a 16-month low and rose almost 0.2 percent to $1.1383. The yen fell slightly against the euro and the dollar, last trading at 114.16 yen per dollar and 129.95 yen per euro. The kiwi, which is awaiting a central bank meeting in New Zealand next week, edged up to $0.7060 with the broadly positive mood in Asia.

In US Equity Markets main indexes closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft. The Dow fell 0.04 percent, to 36,087.45, the S&P 500 lost 0.05 point, to 4,682.80 and the Nasdaq Composite fell 0.04 percent, to 15,853.85. Boeing Co was up 5.49 percent, as the stock closed at a three-month high after Emirates airline announced an order for two 777 Freighters and as Saudi Arabian Airlines was in talks with the planemaker for a wide-body jet order.

In Commodities Markets oil prices settled mixed on Monday as investors wondered whether crude supplies will increase and whether demand will be pressured by the recent rise in energy costs, the strong dollar and rising COVID-19 cases. Brent futures settled down 0.2 percent, to $82.05 a barrel while U.S. West Texas Intermediate (WTI) crude rose 0.1 percent, to $80.88. Spot gold was up 0.1 percent at $1,866.03 per ounce. Silver fell 0.8 percent to $25.09 per ounce. Platinum rose 0.6 percent to $1,088.51 and palladium gained 2.5 percent to $2,161.07.

In European Equity Markets stocks hit another record peak on Monday after comments from ECB Chief Christine Lagarde helped beat back bets of tighter monetary policy, while a fall in miners kept gains at bay. The continent-wide STOXX 600 index rose 0.4 percent, while Germany’s DAX index gained 0.3 percent, as both gauges hit a new record highs. France’s blue-chip CAC 40 also hit an all-time high, rising 0.5 percent on a lift from Airbus. Spanish Bank BBVA was the biggest drag on Spain’s blue-chip IBEX, losing 4.3 percent on its offer to buy the rest of Garanti BBVA for up to 2.25 billion euros ($2.6 billion).

In Bond Markets benchmark U.S. Treasury yields rose to three-week highs on Monday as companies rushed to sell debt before liquidity likely worsens during the holiday season and ahead of a U.S. government sale of new 20-year bonds on Wednesday. Benchmark 10-year yields gained 4 basis points to 1.62 percent and are up from a one-month low of 1.42 percent last Tuesday. The 20-year bond yields rose 5 basis points to 2.04 percent while 30-year bond yields increased 5 basis points to 2.01 percent.

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