U.S. Treasurys were steady in Asia on Wednesday as investors looked for clarity from the U.S. Federal Reserve on exactly how the central bank plans to taper its stimulus program.
Brent crude futures held above $106 a barrel on Wednesday as investors looked to a Federal Reserve meeting for clues on the outlook for a U.S. stimulus program.
Gold fell for a third straight session on Wednesday, hovering near the lowest level in four weeks.
The dollar was steady against a basket of currencies with most investors cautious, awaiting more clarity from the Fed on how long monetary policy will remain ultra-loose.
Japan's benchmark Nikkei index soared to a one-week high on Wednesday, underpinned by continued weakness in the yen and optimism about the Federal Reserve's policy decision.
The effects of the Federal Reserve's bond-buying program are looking more lackluster and more disruptive to market functioning, according to the latest CNBC Fed survey.
Stocks rallied to finish near session highs Tuesday, with the Dow soaring nearly 150 points, as members of the Federal Reserve kicked off their two-day meeting to discuss the future of the central bank's bond-buying program.
Oil prices ended slightly higher in sluggish trading as the market awaited the Federal Reserve's policy statement that is expected to show whether it will reduce monetary stimulus.
European shares closed mixed on Tuesday, after better-than-expected economic data from Germany, and stock market gains in the U.S.
Most U.S. Treasurys prices were little changed on Tuesday, as investors awaited the outcome of the Federal Reserve's two-day meeting.
The U.S. dollar rose for a second day against the yen on Tuesday as some traders bet the Federal Reserve may signal it is almost ready to reduce its bond buying program.
Gold futures settled lower at $1366 per ounce as U.S. equities rallied and bullion buyers took to the sidelines before the conclusion of a two-day Fed policy meeting.
Asian equity markets were mixed on Tuesday, as nervous investors awaited the U.S. Federal Open Market Committee's latest update on its stimulus program.
Brent crude oil futures touched a 10-week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures.
Gold settled lower at $1,383 on Monday as a Wall Street rally decreased the need for safe-haven buying, with investors awaiting this week's US Fed meeting.
The yen fell against the dollar and the euro as global stocks rebounded, but the Japanese currency may stay near two-month highs until investors get more clarity on the Federal Reserve's ultra-loose policy.
Tokyo stocks closed up 2.7 percent on Monday as investors bought battered exporter stocks, while gains in the rest of Asia were capped ahead of the Federal Reserve's meeting.
Stocks eased off their lows but were still broadly in the red Friday, led lower by banks, as investors digested a handful of mixed economic reports and remained on edge as concerns remained over whether central banks will pare back their stimulus programs.
US government debt prices fell on Monday a day before the Federal Reserve meets for a two-day policy meeting on concerns the central bank might be moving closer to tapering.
European shares closed narrowly higher on Friday, having pared gains when mixed economic reports from the U.S. did little to soothe concerns about an imminent end to the Federal Reserve's bond buying program.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.