U.S. stocks ended about 2 percent higher on Wednesday as markets extended gains on the FOMC minutes and recovered from Tuesday's selloff.
Bonds rose after minutes from the Fed's September policy meeting showed members debated about forward guidance on the timing of rate hikes.
European shares closed mostly lower on Wednesday, as fears over global growth and the Ebola virus spooked investors.
Brent crude futures fell as lower economic growth forecasts raised concerns about global oil demand amid rising U.S. inventory levels.
Gold extended gains as growing concerns over the global economy prompted safe-haven bids, while the return of China also lifted prices.
The dollar fell to a two-week low against the euro on Wednesday after the minutes of the latest Fed meeting focused on risks to the U.S. economy.
Asian shares were mostly lower on Wednesday following a global rout but Shanghai bucked the trend after a week-long holiday.
Stocks fell Tuesday, extending losses into a second day, amid increased signs of slowing growth in Europe and ahead of earnings.
European shares closed lower on Tuesday, with sentiment curbed by weak economic data from Germany and a downturn on Wall Street.
U.S. sovereign bond prices ticked higher as investors eyed comments from Fed officials and the bank's latest minutes for a clearer idea of policy.
Gold ended higher as its safe-haven appeal increased after the IMF cut its global economic growth forecasts.
The dollar fell to a three week-low against the yen on Tuesday, retracing most of its gains posted last week.
Equities in Asia were mixed on Tuesday as investors focused on central bank decisions in Japan and Australia.
Wall Street looked set to open flat on Wednesday, as the market rout continued in Asian and European stock markets.
U.S. Treasury yields edged lower on weak European economic data and the view that U.S. wage figures could lead to the Fed delaying raising rates.
U.S. stock index futures indicated a lower open on Tuesday, as investors anxiously await the start of third-quarter earnings season.
Stocks fell on Monday, with H&R Block leading declines on the S&P 500.
It was a positive start to the week for stocks in Europe, although the German DAX pared gains following disappointing data from the country.
Gold rose as the dollar's sharp retreat sparked fresh physical demand and short covering after bullion earlier hit a 15-month low.
Crude oil futures reversed course on Monday after a massive sell-off last week and ended higher on a slump in the U.S. dollar.
Get the best of CNBC in your inbox
China is moving into the United States' backyard——but it's not clear if this is a bad thing for anyone.
Cuba may well become a rising star in the region and a "buy" when the time comes, this NYU Stern professor said after a recent visit.
"We're in a period of uncertainty and...the volatility is going to continue," said Bill Daley, former Obama chief of staff.