In Asian Equity Markets the Nikkei 225 rose 1.67 percent in morning trade, with shares of robot maker and index heavyweight Fanuc gaining around 1 percent. Nintendo saw its stock jump around 5 percent following a Monday report by the Wall Street Journal that it is set to launch new models of its Switch video game console later this year. Over in South Korea, the Kospi was 0.11 percent higher. Shares of Samsung Electronics fell more than 0.6 percent after the company issued a warning on its first-quarter earnings. The Shenzhen composite declined 0.35 percent.

In Currency Markets the U.S. dollar rebounded modestly against the yen on Tuesday as Treasury yields pulled back from 15-month lows as a modicum of calm returned to financial markets gripped by fears of a sharper downturn in the global economy. The pound stuck to a narrow range with British lawmakers scheduled to vote on a range of Brexit options later in the day. The dollar edged up 0.15 percent to 110.13 yen and put some distance between a six-week low of 109.70 plumbed the previous day. The euro was steady at $1.1316.

In Commodities Markets oil prices firmed on Tuesday, pushed up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela, but analysts warned that signs of a sharp economic slowdown could soon drag on crude markets. Brent crude oil futures were at $67.46 per barrel, up 25 cents, or 0.4 percent, from their last close. U.S. WTI futures were at $59.31 per barrel, up 49 cents, or 0.8 percent, from their last settlement. Prices have also been driven up by U.S. sanctions on oil exporters and OPEC-members Iran and Venezuela.

In US Equity Markets stocks fell on Monday, extending the previous session’s steep sell-off, hit by worries of a slowdown in global economic growth. However, main indexes were still above their session lows in choppy trading. The S&P 500 was down 0.28 percent, at 2,792.75 and the Nasdaq Composite declined 0.36 percent, at 7,615.05. Apple Inc’s 0.7 percent decline weighed the most on the technology sector. Akamai Technologies fell 3.5 percent, the most on the S&P, after a report that brokerage Deutsche Bank had downgraded the stock to “sell” from “hold”.

In Bond Markets Benchmark 10-year Treasury yields fell to their lowest levels since December 2017 on Monday while the yield curve between three-month bills and 10-year notes inverted further as investors evaluated last week’s dovish pivot by the Federal Reserve. The yield curve between three-month notes and 10-year yields was inverted by around five basis points. The inversion, if it persists, is seen as a reliable indicator that a recession is likely in one to two years. The Treasury Department will sell $113 billion in coupon-bearing supply this week.