In Asian Equity Markets the Nikkei 225 tracked lower by 0.09 percent after starting the session with slight gains. The broader Topix slipped 0.27 percent, with most of its 33 sub-sectors trading lower as miners and insurers led losses. Shanghai composite traded lower by 0.4 percent while the Shenzhen Composite shed 0.1 percent. Elsewhere, Australia’s S&P/ASX 200 declined 0.81 percent amid broad-based losses seen in all of its sub-indexes. In corporate news, Sony said it had reached an agreement to acquire Mubadala Investment’s stake in EMI Music Publishing for $1.9 billion. Sony shares were down 0.74 percent, paring steeper declines seen earlier.

In Currency Markets the US dollar traded below a five-month high against a basket of currencies on Tuesday, catching its breath after a broad rally inspired by rising U.S. bond yields and relief at an easing of U.S.-China trade tensions. The dollar’s index against a basket of six major currencies last traded at 93.564, down from a five-month high of 94.058 set on Monday. Against the yen, the dollar eased 0.1 percent to 110.89 yen, down from Monday’s four-month high of 111.395 yen. There was talk of dollar-selling interest among Japanese exporters at levels around 111.00 yen. Market participants also cited dollar-selling by short-term players during Tuesday’s Asian trade.

In Commodities Markets oil prices rose on Tuesday on concerns that Venezuela’s crude output could drop further following a disputed presidential election and potential U.S. sanctions on the OPEC-member. The United States also toughened its stance on Iran and made a list of sweeping demands, which could further curb the country’s crude oil exports and boost oil prices. Brent crude futures were at $79.39 per barrel, up 17 cents, or 0.2 percent, from their last close. Brent broke through $80 for the first time since November 2014 last week. U.S. West Texas Intermediate (WTI) crude futures were at $72.47 a barrel, up 23 cents, or 0.3 percent.

In US Equity Markets stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent. The S&P industrial sector advanced 1.5 percent. Boeing Co, which sells about a fourth of its commercial aircraft to Chinese customers, jumped 3.6 percent. It was the biggest percentage gainer on the Dow and lifted the blue-chip index. The Russell 2000 rose 0.7 percent to hit a record closing high for a fourth straight session, though the index of small-cap companies under-performed large caps.

In Bond Markets U.S. Treasuries were steady on Monday as investors evaluated whether last week’s selloff that sent benchmark yields to almost 7-year highs was overdone, and before demand for U.S. debt will be tested by new supply. The Treasury will sell $99 billion in short and intermediate-dated notes this week, including $33 billion in two-year notes on Tuesday, $36 billion in five-year notes on Wednesday and $30 billion in seven-year notes on Thursday. Benchmark 10-year note yields rose to 3.128 percent on Friday, the highest since July 2011, before falling back to 3.069 percent on Monday. Two-year note yields closed at 2.569 percent on Monday.