U.S. stock index futures indicated a sharply lower open on Tuesday, as a fresh dip in the oil price weighed on investor sentiment.
The Treasury Department auctioned $24 billion in three-year notes at a high yield of 1.104 percent, the highest since April 2011.
Europe closed sharply down on Tuesday, as the sell-off in US stocks gained momentum, with investors spooked by oil price weakness and dollar strength.
Key bourses in Asia nursed losses on Tuesday, as a mixed bag of Chinese inflation data offset a positive lead from Wall Street.
Gold fell almost 1 percent to a three-month low as the dollar rose to a near 12-year peak versus the euro on renewed expectations of U.S. rate hike.
A rallying dollar punished oil on Tuesday, with Brent prices falling more than U.S. crude as players took profit on recent highs in the spread.
The euro sank below $1.08 for the first time in almost 12 years, as the latest round of dollar gains brought into focus a run towards parity.
U.S. stocks closed higher on Monday, recovering from Friday's sharp decline as investors took a more positive outlook on the strong jobs report.
U.S. government debt prices ticked slightly higher, weighing on yields on Monday, following February's better-than-expected employment report.
European equities finished lower on Monday as the European Central Bank kicked off its bond-buying program.
U.S. stock index futures pointed to a higher start to Wall Street trade on Wednesday, as European shares rose following a global selloff on Tuesday.
Fears that an interest rate hike in the United States is imminent drove Asian stock markets outside Shanghai lower on Monday.
Gold rose as the dollar really paused, after a strong U.S. jobs report boosted expectations the Federal Reserve would soon raise rates.
Brent fell below $59 on Monday as a promising U.S. jobs report pushed the dollar up, offsetting geopolitical tensions and the threat of output cuts.
The euro hit a 12-year low against the dollar after falling below $1.07 as the ECB continued its QE program.
U.S. stocks closed down more than 1 percent as investors weighed a jobs report that indicated a rate hike could come sooner rather than later.
Yields spiked higher after data showed US jobs data beat expectations and the jobless rate fell to a more than 6-1/2 year low in February.
Europe shares end mixed after US jobs data
The dollar jumped to an 11-1/2 year high as U.S. employment growth bolstered market sentiment that the Fed was closer to raising interest rates.
Gold fell nearly 12 percent after the closely watched employment report came in better than expected.
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