European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
Prices for U.S. Treasurys prices slid on Tuesday as investors scooped up riskier assets, such as stocks, instead of safe-haven government debt ahead of jobs data later in the week.
Gold fell 1.5 percent, its biggest one-day drop in more than a month, as economic optimism lifted U.S. equities to near a record high and weakened bullion's safe-haven appeal.
Ample supplies, concerns over the pace of the U.S. recovery and a wobbly euro zone economy outweighed the prospect of stronger demand in Asia, dragging oil below $111 a barrel.
The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution ahead of a Bank of Japan meeting this week.
Tokyo equities lost 1 percent on Tuesday, weighed down by a strong yen while caution capped gains in the rest of Asia after weak U.S. factory data raised concerns that the effects of fiscal tightening have started to hurt the world's largest economy.
The start of the second quarter gives bulls a lot to think about: the US jobs report, plus central-bank meetings in Europe and Japan. Will they keep running or take a break?
Stocks kicked off the second quarter on a sour note Monday following a weaker-than-expected ISM manufacturing report and as investors took a breather after the S&P 500 finally broke through its record close last week.
European shares closed higher on Thursday after Cypriot banks re-opened after an almost two-week closure.
Prices for U.S. Treasurys rose on Monday, after data showed U.S. manufacturing growth slowed in March, feeding worries about the strength of the recovery.
Brent crude rose above $111 a barrel in choppy trading on Monday, while U.S. crude prices fell as a pipeline leak in Arkansas threatened to increase the glut of oil in the U.S. Midwest.
Gold settled higher in light holiday trade, as the market digested U.S. manufacturing and construction reports that painted a mixed picture of the economy ahead of the all-important nonfarm payrolls report later in the week.
The dollar fell to a nearly four-week low against the yen on Monday as softer-than-expected US manufacturing data suggested the economy may have run out of steam at the end of the first quarter.
Risk appetite in Asia was hurt after economic data for the region's two largest economies came in below expectations, while overall trading volume remained subdued given the closure of some markets for the Easter holidays.
The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach.
U.S. Treasurys prices gained for a third straight week as resurgent fears over the euro zone helped bonds claw back losses from January and February and end the quarter only slightly weaker on Thursday, after a turbulent start to the year.
Gold settled below $1,600 an ounce, as banks reopened in Cyprus for the first time in two weeks without signs of panic withdrawals, sapping demand for low-risk assets.
Oil rose, underpinned by expectations of a revival in demand growth in the United States, the world's biggest oil consumer, while Europe's debt worries capped gains.
The euro rebounded from a recent four-month low against the dollar on Thursday, a trend analysts see as tenuous because investors continue to fret about the Cyprus crisis.
Fears about the euro zone sent benchmark 10-year Treasurys yields to more than three-week lows as investors fretted over further bank restructurings and Italy's soft bond auction.
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.