U.S. Treasurys prices rose on Wednesday due to strong investor demand at a $21 billion auction of 10-year notes.
European shares closed narrowly higher on Wednesday, having paused after rallying on Tuesday.
Crude oil prices were moderately higher, as the United States eased off its plans for a military strike against Syria and said it would explore diplomacy first.
Gold fell as speculation that a U.S. military strike against Syria could be averted dented the metal's safe-haven appeal.
The dollar fell to near two-week lows against major currencies on Wednesday as some traders pared back bets on a reduction in stimulus by the Federal Reserve next week.
Asian stocks took a breather from this week's rally on Wednesday after President Obama confirmed that a Congressional vote to take military action in Syria will be postponed.
Stocks closed near session highs Tuesday, with the S&P 500 posting its sixth-consecutive rally, following another upbeat round of data from China and as fears over an imminent strike on Syria receded.
U.S. Treasurys yields rose on upbeat Chinese industrial output and retail sales data and ebbing concerns about conflict with Syria.
European shares closed higher on Tuesday, as the imminent threat of Western military action against Syria receded and fresh Chinese data boosted investor sentiment.
Oil prices slid more than $2 a barrel on Tuesday, as Syria accepted a Russian proposal to give up its chemical weapons, which made investors less nervous.
Gold fell 2 percent on Tuesday after Syria accepted a Russian proposal to give up chemical weapons to avert a U.S. strike.
The dollar rose to a near seven-week high against the yen on Tuesday as easing tensions over Syria and encouraging Chinese economic data eroded demand for the safe-haven Japanese currency.
Asian stock markets extended the previous day's rally after the latest batch of economic data from China boosted regional confidence.
Stocks kicked off the first trading day of the week with a bang, with the Dow having its best day in two months, lifted by upbeat economic data from China and despite ongoing worries over Syria.
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Bond yields fell as more investors bet that the Federal Reserve may reduce bond purchases by less than previously thought.
Oil eased on Monday, with investors focused on Syria after Russia and China again urged the United States to avoid military action.
Gold edged lower as the euro eased on Monday but a possible delay in the Fed's decision to taper off its bond-buying program could boost its appeal.
The dollar slipped against most major currencies on Monday after last week's disappointing U.S. jobs data fueled uncertainty about whether the Federal Reserve will begin to taper its stimulus program this month.
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.
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Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
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