Asian stocks traded mixed on Tuesday, overlooking a strong session on Wall Street, as fears of a further slump in oil prices resurfaced.
Brent steadied traded near $61 a barrel on Tuesday after data showed the U.S. economy grew at its quickest pace in 11 years in the third quarter.
Australian dollar hit a 4-1/2-year trough against its U.S. counterpart as prices of iron for construction fell in China amid weak demand.
Gold rose, moving away from a three-week low hit in the previous session, as the dollar and equities eased after recent rallies.
Stocks mostly rose Monday, with the S&P gaining after its best week in nearly two months.
U.S. stock index futures signaled a higher open on Tuesday as investors awaited a slew of economic data, following another record close.
European shares ended higher on Monday, with sentiment boosted by a rebound in the Russian ruble, while earlier gains in the oil price were.
The euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece's election among risks to a calmer mood.
Oil prices resumed their downward march on Monday after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
Gold edged up as the dollar retreated against the euro, though stronger equities and appetite for risk continued to dull the metal's appeal.
Asian equities largely rose on a data-light Monday following a bounce in oil markets and a third consecutive winning session on Wall Street last Friday.
U.S. stock index futures signaled a higher open on Monday after a record close Friday, still fueled by the pledge from the Fed.
Stocks rose on Friday, after the S&P 500's best two-day streak in years.
Bids emerged after yields rose on comments from Fed Chair Janet Yellen about patience on rate hike.
European shares closed mixed on Friday, with Italian banking stocks and the health care sector weighing on wider benchmarks.
The U.S. dollar rose against major currencies for a third session on diverging monetary policy between the Federal Reserve and other central banks.
U.S. crude futures rallied more than $2 a barrel on Friday on book-squaring ahead of the contract expiry and pre-holiday short-covering.
Gold steadied struggling to rise above the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased.
Asian equities put up an upbeat performance on the final trading day of the week, following an inspiring U.S. lead overnight as investors cheered the Federal Reserve's pledge to be patient in increasing interest rates.
U.S. stock index futures signaled a higher open following Thursday's rally, which saw the Dow industrial average climb to a three-year high.
Get the best of CNBC in your inbox
The Greek government has taken a first step toward restructuring its debt pile, The FT reports.
Oil prices are in a major bear market. So how do sovereign wealth funds cope in this environment?
Researchers need to develop safe artificial intelligence before businesses and consumers widely adopt it, experts said.