European shares closed off their lows on Wednesday after retail sales data in the U.S. was released.
Oil traded mixed on Wednesday, but expectations of steady global consumption growth held Brent crude above $109 a barrel.
Global oil demand is set to be depressed by weak economic growth throughout 2013 while soaring U.S. oil production gives consumers a cushion to withstand most supply outages, the IEA said.
The dollar climbed to a seven-month high against a basket of currencies on Wednesday as robust U.S. retail sales data bolstered prospects for the world's largest economy.
Asian shares fell on Wednesday as investors took profits for a second straight session on concerns that the region's recent rally may be headed for a correction.
While gold is down about 4 percent since the start of the year, this is just a small fraction of the losses seen in the shares of gold miners.
As the Dow Jones hits another record closing high, Jim O'Neill, chairman of Goldman Sachs Asset Management turns cautious on equities.
Talk of a "great rotation" out of bonds and into equities is misleading, according to Lombard Odier.
U.S. Treasury debt prices rose as a recent spike in yields lured investors and as U.S. government debt tracked other safe-haven markets higher in the absence of key domestic data releases.
Dennis Gartman says he's sitting out the stock market.
Brent crude prices fell a third straight session in choppy trading on Tuesday, while U.S. oil posted a fourth consecutive gain, tightening the spread between the two contracts to the narrowest since January.
The price of West Texas Intermediate (WTI) crude oil is set to plummet to $75 per barrel as increased use of shale oil in the U.S. blots out demand for the energy source.
Gold rose above $1,590 an ounce on Tuesday, gaining nearly one percent following comments by an ECB official that euro zone inflation pressures are abating, which was viewed as an indication of continued monetary easing.
The most important number for COMEX gold is $1,540 an ounce. This has determined the precious metal's course in the past and could do so going forward.
The yen rose against the dollar for the first time in a week on Tuesday, rebounding from a 3 1/2-year low, as short and long-term investors opted to book profits.
After busting through records, some traders say the stock-market bulls will keep running as a mentality of "the train is leaving the station" triggers more buying.
The bulls keep running on Wall Street, and a big part of the reason is because of investor confidence in the growing economic strength of American households, the New York Times reports.
U.S. stock index futures struggled for direction Monday, following the Dow's rally to a record high, amid disappointing economic data from China and ongoing negotiations on the U.S. budget.
U.S. Treasury debt prices slipped on Monday as U.S. employment growth and stock market gains curbed demand for U.S. safe-haven debt.
Tokyo and Sydney stocks jumped to new multi-year highs on Monday, lifted by Friday's stronger-than-expected U.S. jobs data, while other Asian markets lost ground as mixed economic data from China weighed on sentiment.
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.