In the early hours of Tuesday, global markets remained tense as geopolitical tensions continued to impact investor sentiment. The U.S. dollar index experienced a modest gain of 0.06%, reaching a value of 106.27. Meanwhile, gold exhibited resilience and rose by 0.13%, trading at $2,385.85 per ounce.

Crude oil prices saw a slight dip, with WTI (West Texas Intermediate) falling by 0.52% to $84.97 per barrel, and Brent decreasing by 0.47% to $89.68 per barrel. These trends were reflective of the uncertainty prevailing in the market due to ongoing geopolitical conflicts.

In the United States, the stock markets witnessed a decline on Monday, erasing initial gains that had been driven by an impressive rise in retail sales for March. However, these gains were overshadowed by soaring Treasury yields and escalating tensions between Iran and Israel. According to economic data, retail sales increased by 0.7% in March, following a 0.9% rise in February. Additionally, the NY Empire State Manufacturing Index improved to -14.3 in April from -20.9 in the previous month.

Despite the positive retail figures, the S&P 500 experienced its most substantial percentage decrease since January 31. All 11 major sectors of the S&P were in the red, with the real estate and utilities sectors being hit the hardest due to their sensitivity to interest rates. The Dow Jones Industrial Average dropped by 0.65%, concluding the day at 37,735.11. The S&P 500 fell by 1.20% to close at 5,061.82, while the Nasdaq Composite slipped by 1.79%, finishing the session at 15,885.02.

Moving to Asia, Japan's Nikkei 225 index ended the trading day down by 1.88% at 38,470.50. This decline was primarily driven by losses in the Paper and pulp, Retail, and Chemical, Petroleum, and Plastic sectors. Similarly, Australia's S&P/ASX 200 witnessed a decline of 1.81%, closing at 7,612.50, with losses in the Consumer Discretionary, Metals & Mining, and Utilities sectors being the main contributors.

In India, the Nifty 50 closed lower by 0.56% at 22,147.90, while the broader Nifty 500 slid down by 0.27% to reach 20,423.00. China's Shanghai Composite dropped by 1.65%, ending the session at 3,007.07, while the Shenzhen CSI 300 fell by 1.07%, closing at 3,511.11. Hong Kong's Hang Seng Index experienced a significant decline of 2.12%, concluding the day at 16,248.97.

Asian stocks were negatively impacted by the strong performance of U.S. retail sales in March, which led to a rise in the value of the dollar to five-month highs. This, in turn, raised concerns that the Federal Reserve might defer rate cuts. Geopolitical tensions also influenced the markets, leading to an increase in the prices of gold and oil. Market participants are keeping a close eye on China's GDP data which could further shape investor sentiment.

In Europe, the STOXX 50 index was down by 1.35%, Germany's DAX declined by 1.27%, France's CAC slid by 1.26%, and the U.K.'s FTSE 100 traded lower by 1.37%. These developments showcased the widespread impact of geopolitical tensions on global markets.

Looking at other commodities, natural gas rose by 0.47% to $1.700, while silver fell by 1.33% to $28.337 per ounce, and copper experienced a decline of 1.51% to reach $4.3125 per pound.

As for the futures market, Dow futures saw a modest increase of 0.25%, S&P 500 futures edged down by 0.11%, and Nasdaq 100 Futures declined by 0.18%.

In the forex market, the U.S. dollar index strengthened by 0.06% to reach 106.27. The USD/JPY pair rose by 0.19% to 154.56, and the USD/AUD increased by 0.43% to 1.5590.

Overall, geopolitical tensions continued to cast a shadow over global markets, impacting various sectors and influencing investor decisions. The rise of the U.S. dollar and the resilience of gold indicated the uncertain and volatile nature of the current economic landscape.