The forex market continued to remain wary of a global slowdown with the Japanese Yen holding on to its recent gains. The US 2-10 yield curve inverted further deepening fears of a possible recession.

GBPUSD fell on reports that Queen may be asked to suspend Parliament as early as Wednesday. Elsewhere, AUD remained on the back foot after RBA Deputy Governor mentioned that a weak Aussie is beneficial for the economy.

In the Asian equities space, the Nikkei 225 closed up 0.11% at 20,479.42, Hang Seng closed -0.19% at 25615.48 and Kospi ended 0.86% at 1941.09. The European equities were trading mixed with the FTSE 0.44% at 7120.79, DAX -0.15% at 11712.69, and CAC -0.31% at 5370.36. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.4727% and the Bund 10-year yield trading at -0.706%. In the energy space, the Brent (front month) is trading up (0.77%) for the day at $59.97.