A U.S. bond rally pushed benchmark 10-year yields back below 3 percent on Friday after government data showing subdued U.S. job growth left traders wondering whether the Federal Reserve would trim its bond purchases as promptly as some had thought.
Stocks capped a wildly volatile trading session flat as a pancake following the monthly government jobs report and amid ongoing jitters over Syria. Still, the Dow snapped a four-week losing streak.
Gold prices jumped on Friday after U.S. non-farm payrolls data missed expectations, curbing expectations that the Federal Reserve is set to start paring back its $85 billion monthly bond-buying program.
Oil staged a brisk rally on Friday, with U.S. oil jumping to a more than 2 year high above $110, bolstered by renewed concerns about a potential conflict in Syria.
European shares closed higher on Friday, boosted by weak U.S. jobs data that assuaged fears of an imminent end to quantitative easing.
Asian stocks rose on Friday but trade was cautious ahead of a crucial U.S. jobs report that could determine if the Federal Reserve reduces its stimulus program later this month.
Benchmark U.S. yields briefly topped the key 3 percent level on Thursday as stronger-than-expected U.S. economic data reinforced views the Federal Reserve could slow its massive bond buying program soon, prompting a global bond rout.
Gold sank almost 2 percent to two-week lows on Thursday as upbeat US data heightened expectations the Fed may soon rein in its massive stimulus program that has bolstered bullion prices.
The dollar rose to a seven-week peak against the euro on Thursday after the head of the European Central Bank said its Governing Council expects key ECB interest rates to remain at present or lower levels for an extended period.
Stocks eked out gains for a third-consecutive session Thursday, with the 10-year note yield pushing closer to the psychological threshold of 3 percent, as investors digested a flurry of economic reports and ahead of the government's widely-watched monthly jobs report.
Crude rose broadly on Thursday, given a boost by Energy Information Agency data that showed crude inventories fell sharply.
European shares closed higher on Thursday, after both the European Central Bank (ECB) and the Bank of England (BoE) voted to maintain ultra-loose monetary policy.
Ruchir Sharma, Morgan Stanley Investment Management, says he doesn't think emerging markets are likely to grow any faster than the U.S. in the next few years. These countries have piled up too much debt, he says, and they're paying the price.
This pro says the options market is sending a clear message about where gold is going.
Michael Purves, chief global strategist at Weeden & Co., says that while the U.S. jobs report due on Friday is important, the market is more interested in who will succeed Bernanke as Fed chairman.
Indian equities outperformed on Thursday after the nation's new central bank governor unveiled steps to liberalize financial markets, but caution over a reduction in the Federal Reserve's stimulus capped gains in the rest of Asia.
Stocks closed higher for a second session Wednesday, with the Dow logging its biggest gain in over a month, following the Fed's upbeat Beige Book report and as the White House pressed its case for military action in Syria.
Prices for U.S. Treasurys slipped on Wednesday as fears of a Western-led military strike against Syria ebbed, pushing investors into riskier assets such as stocks.
Gold fell 1.5 percent on Wednesday, slipping below $1,400 an ounce as strong U.S. auto sales boosted economic hopes and fears of a Western-led military strike against Syria lost some of their urgency.
The dollar dropped against the euro on Wednesday for the first time in six sessions and retreated from a six-week high against a basket of currencies as data reflecting a growing world economy boosted investors' risk appetite.
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.
Asian shares dipped on Tuesday following losses on Wall Street after U.S. manufacturing activity hit a three-year low in November.
As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.
The worst US drought in over 50 years is pushing commodity prices to record highs.