Oil prices edged higher, lifted by gains in gasoline futures and strong selling of the spread between Brent crude and U.S. crude.
Gold fell on Monday as a stronger performance in U.S. equities and a dollar rise prompted investors to take profits after its rally in the previous session.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.
Markets in Shanghai and Hong Kong pared earlier steep losses on Monday after worries about a new strain of avian flu drove both indices to fresh lows for 2013. Meanwhile, Japan's benchmark Nikkei revisited the 13,000 mark after the yen slid to a four-and-a-half year low against the dollar.
Stocks and bonds have been telling different stories over the past few months, and the argument for prolonged slow growth is winning.
Investors are starting to "wake-up to the reality" that stocks are the only way for them to get real returns on their money, Tempeton's Mark Mobius told CNBC.
Janet Yellen, a potential successor to Ben Bernanke, is seen as a "loose cannon" and could upset the markets, Bob Janjuah of Nomura told CNBC.
U.S. stock index futures accelerated their losses Friday following a much weaker-than-expected March unemployment report combined with ongoing worries over North Korea.
Fears of a rush for the exits from the U.S. bond market have been greatly exaggerated.
Prices for U.S. Treasurys jumped on Friday and yields fell to their lowest this year after data showed far fewer jobs were created than expected in March, fueling worries the beleaguered labor market is still struggling.
European shares closed lower on Friday after U.S. jobs data came in well below expectations, raising concerns that the recovery in the world's largest economy is weakening.
The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
Gold rallied over 1.5 percent, its biggest one-day gain since November, as disappointing U.S. job data fueled expectations the Federal Reserve will continue its bullion-friendly bond purchases.
Brent crude oil fell to an eight-month low below $104 a barrel on Friday as data showed a much sharper slowdown in hiring by U.S. employers than analysts had expected.
A new chapter opened for Tokyo risk assets on Friday as the Nikkei index surged past the 13,000 mark after the Bank of Japan unleashed a monetary onslaught of $1.4 trillion in stimulus, but the rest of Asia's stock markets tumbled to multi-month lows.
The policy measures taken in Japan to revive economic growth are "quite dangerous," says George Soros.
The Nikkei surged by up to 4.7 percent a day after the Bank of Japan (BOJ) gave investors what they were waiting for, and analysts say the current rally is gaining a momentum of its own and not simply riding on a weakening yen.
A string of weaker economic reports has traders wondering whether the economy will lose its spring, taking the stock market down with it.
While the latest ratcheting up in tensions between North and South Korea is starting to make investors jittery, markets may be underestimating the risk of a potential conflict on the Korean peninsula, analysts say.
U.S. Treasury yields tumbled to their lowest level since last December, undermined by a soft U.S. jobs report that fell short of market expectations.
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.