In Asian Equity Markets indices struggled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region. Japan’s Nikkei managed to eke out a 0.1 percent gain, and Chinese blue-chips added 0.6 percent. Australia’s S&P/ASX 200 Index climbed 0.6 percent. South Korea’s Kospi index rose 0.3 percent. Hong Kong’s Hang Seng Index fell 0.3 percent.

In Currency Markets the US dollar held gains on Tuesday as fresh concerns about the Sino-U.S. trade war bolstered support for safe haven currencies, although moves were tempered as investors await possible cues from the Federal Reserve about policy direction. The Australian dollar, often considered a gauge for global risk appetite lost 0.1 percent, to trade at $0.7215 as rising trade tensions dampened investor sentiment in Asian trade. The euro was relatively unchanged at $1.1332 versus the greenback in Asian trade.

In Commodities Markets record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week’s OPEC meeting in Austria. International Brent crude oil futures briefly fell below $60 per barrel before edging back to $60.10 per barrel, still down 38 cents, or 0.6 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.21 per barrel, down 42 cents, or 0.8 percent. Saudi Arabia raised oil production to an all-time high in November.

in US Equity Markets indices bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 gained 1.55 percent, to 2,673.45 and the Nasdaq Composite added 2.06 percent, to 7,081.85. All 11 major sectors of the S&P 500 advanced, with consumer discretionary and tech seeing the biggest percentage gains. Nvidia Corp gained 5.6 percent after Credit Suisse initiated coverage of the chip-maker with a bullish outlook.

In Bond Markets U.S. Treasury yields rose on Monday, driven by higher U.S. equities and in anticipation of a deluge of new issues coming from this week’s Treasury auctions. Government bond yields rose across maturities, with the 10-year yield last up 1.6 basis points at 3.07 percent, and the two-year yield up 2.1 basis points at 2.841 percent. As longer-dated yields moved more slowly than those at the short end, the yield curve flattened to an eight-week low of 21.8 basis points.