- Stocks in Asia rose, US equity futures rose, and treasuries fell as investor sentiment improved after last week's global stock market crash.

- Japanese stocks led the way higher, while Hong Kong and China were more subdued as traders weighed the potential impact of covid outbreaks in Shenzhen and Macau.

- Treasury yields fell, pushing the benchmark 10-year yield to 3.30%. Further bond volatility under a Federal Reserve intent on sharp interest-rate hikes to tame inflation could jolt global markets once more.

- Australian yields fell after RBA's Gov. Lowe reiterated that further interest-rate hikes are likely, but he backed off on expectations of a 75 basis point increase in July.

- The dollar fell and the yen hovered near a 24-year low, weighed down by the contrast between Japan's super-dovish central bank and the Fed's hawkishness.

- Oil prices rose, while metal prices, such as copper, were buffeted by concerns about the demand outlook amid weakening global growth.