The People’s Bank of China (PBOC) Governor, Pan Gongsheng, stated on Monday that the central bank is set to amplify efforts to stabilize trade and improve the business environment for foreign companies. This announcement supplements a series of commitments made by China's top leaders this year to become more accessible to overseas investors.

Deutsche Bank analysts predict a shift in the US economy from its 40-year phase of predominant growth, spanning 1980 to 2020, towards a pattern marked by more frequent boom-bust cycles and recessions. This prediction, made on Monday, is based on several factors including rising inflation which could limit the flexibility of central banks both domestically and globally as they strive to balance economic growth.

U.S. Treasury Secretary Janet Yellen on Monday said she saw no signs the U.S. economy is entering a downturn but warned that failure by Congress to pass legislation to keep the government running risked slowing momentum in the economy.

Oil prices rose in early trade on Tuesday for the fourth consecutive session, as weak shale output in the U.S. spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and Russia.

The euro clung to gains on Tuesday following hawkish comments from European Central Bank (ECB) policymakers, while the yen languished near a 10-month low ahead of a key rate decision from the Bank of Japan (BOJ) later in the week.