Asian stock indices rose, but a state of caution continues to dominate the markets in light of the continuing geopolitical tensions between Russia and Ukraine. US bond yields rose last week to the highs of 2.5%.
Oil prices rose amid tight supply fears, despite the expectation that consuming countries would release supplies from strategic reserves. Germany's defense minister said the EU should discuss banning Russian gas imports.
The Euro fell against the US dollar and several other currencies after the US jobs report last Friday, which showed unemployment fell to 3.6% from 3.8%, raising the possibility of a rate hike. Also, continuing geopolitical tensions in Eastern Europe negatively pressure the Euro.
Gold prices were affected at the beginning of the week by the dollar's rise against a basket of major currencies as the precious metal fell during the Asian session today to touch $1915 an ounce.