- The dollar fell on Tuesday as investors reacted positively to China's pullback of Covid isolation policies and the cooling of a key inflation index in the US.
- Chinese, Japanese, and South Korean equities climbed, with travel and consumer goods firms rising in Tokyo and Seoul following China's decision to lift quarantine on inbound travellers.
- Futures contracts for US and European shares climbed as well, boosted by data released on Friday showing the Federal Reserve's highly monitored measure of inflation falling and consumer spending stagnant.
- US, Asian, and global market indexes are still down around 20% this year, the worst yearly performance since 2008.
