U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.
Yields remained higher on Friday after Fed Chair Janet Yellen said a interest rate hike will be appropriate this year if the economy improves.
European equities closed mixed on Friday as investors focused on a central banking forum in Portugal and a speech from U.S. Federal Reserve Chair Janet Yellen.
Gold was on course for its biggest weekly decline in four weeks, as the dollar rebounded after a stronger-than-expected rise in core consumer prices.
The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report uptick.
The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.
The weekly rig count has fallen every week since Dec. 12, though the pace of declines has fallen in recent weeks.
U.S. stocks traded in a narrow range on Thursday as investors eyed slightly lower bond yields and mostly shook off the morning's mixed economic data.
Government debt prices rose on Thursday following the release of weekly US jobless claims and existing home sales.
European equities finished higher on Thursday as investors digested fresh data from the euro zone.
China's equity markets stood out amid mixed trading in the region on Thursday, as investors bet on further economic stimulus from Beijing.
Gold steadied as the dollar fell following minutes from the Fed's policy meeting showing the US central bank was unlikely to raise interest rates in June.
The dollar stepped back but held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
WTI crude oil rose about 3 percent as a reported drawdown of stockpiles in the Cushing delivery point for US crude futures boosted optimism.
U.S. stock index futures indicated a flat to slightly lower open for Friday after inflation data and ahead of a speech by U.S. Federal Reserve Chair Janet Yellen.
U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.
U.S. government debt prices rose slightly on Wednesday, pushing yields lower ahead of the release of the minutes of April's Federal Reserve meeting.
European shares closed higher on Wednesday, but markets struggled to gain momentum amid worries about cash-strapped Greece.
In Japan, a better-than-expected gross domestic product (GDP) helped its stock market to outperform the region on Wednesday.
Gold struggled near its lowest in a week, holding steep overnight losses triggered by a stronger dollar and stock market, ahead of Fed minutes.
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