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Asian markets are likely to open higher on Tuesday following a curious day across world markets on Monday that saw virtually every asset class move higher despite the geopolitical tensions and uncertainty sparked by the violence in Israel and Gaza. The rebound in risk sentiment was largely due to comments from two Fed officials that the recent rise in long-term bond yields and tightening of financial conditions mean the Fed may be done raising rates. Dallas Fed president Lori Logan said "there may be less need to raise the fed funds rate" and Fed Vice Chair Philip Jefferson nodded to the need for the central bank to "proceed carefully" with any further increases in the policy rate.

Israel generalUnited statesChristine lagardeChristopher wallerMary dalyJanet yellenLorie loganNeel kashkariLori loganPhilip jeffersonJamie mcgeeverRaphael bosticEuropean central bankWorld bankWall streetFed vice chair philip jefferson