Record low interest rates, rising commodity prices and improved mobility data have been buoying expectations of a recovery across emerging markets even as investors cast a wary eye toward November's U.S. presidential election.

Federal Reserve Chair Jerome Powell casts the economy as showing "marked improvement" but still highly uncertain, and possibly requiring more aid from Congress, in remarks to lawmakers, he's scheduled to make on Tuesday.

Stock markets fell sharply, then rebounded somewhat, Monday as rattled investors weighed how the death of Supreme Court Justice Ruth Bader Ginsburg and the search for her successor could overshadow coronavirus stimulus talks, and the implications of a blockbuster report on global banks

The Government Savings Bank (GSB) is planning to offer soft loans with annual interest of 2 per cent to airlines hit by the Covid-19 fallout. The loan term will be 60 months.

An analyst at Trinity Securities says investors should switch focus to small- and mid-cap stocks since the price of large-cap stocks would fall after the uptick rule expires on October 1.