U.S. stocks rallied into the close, with the Dow ending the day at a record amid encouraging economic reports on Wednesday.
U.S. stocks futures signaled a higher open as markets awaited weekly jobless claims figures and the latest ECB interest rate decision.
U.S. Treasurys extended gains after a report showed nonfarm productivity grew a bit faster than initially thought in the third quarter.
European shares closed higher, as investors bet the European Central Bank would announce additional stimulus measures.
Gold steadied near $1,200 as a rise in oil prices provided support, but strength in the dollar weighed on the metal's appeal as a hedge.
U.S. crude futures held their gains after data from the Department of Energy showed oil inventories fell by 3.7 million barrels.
The U.S. dollar demonstrated broad-based strength on Wednesday, bolstered by more upbeat comments on the U.S. economy
Asian equities were mostly higher on Wednesday, with indices in Japan and Shanghai ending at fresh multi-year highs.
Stocks rose Tuesday in a mild rebound from the prior day's drop, ahead of monthly data on car sales.
U.S. sovereign bonds fell on Tuesday, after the lengthy downturn in oil prices came to a halt overnight.
European shares closed higher on Tuesday, as overnight gains in oil prices boosted energy stocks and an upturn on Wall Street helped sentiment.
Gold slipped on Tuesday on worries a strong dollar and volatile oil markets could undermine an overnight rally that lifted the yellow metal.
Brent crude slipped on Tuesday, trading in a band between about $70 and $72 and giving up some of Monday's gains.
Asian equities rose on Tuesday, with Shanghai and Japanese stocks closing at multi-year highs on hopes of Chinese stimulus and as investors dismissed Japan's rating downgrade.
The dollar rebounded on Tuesday, supported by a retreat in oil prices that has helped to lift it against commodity-linked currencies.
Stocks fell Monday as the holiday shopping season got off to a slow start.
Wall Street looked set for a higher open on Tuesday, after oil prices rose and Asian shares closed at multi-year highs.
U.S. stock index futures pointed to a flat to slightly lower start on Wednesday, after a record Wall Street finish on Tuesday.
Bonds ended a six-session rally, with prices surrendering early gains and turning down on profit-taking ahead of Friday's key US unemployment report.
European shares closed lower Monday with the falling price of major commodities weighing heavily on the mining and energy sectors.
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Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports.
Indonesia's taxman is banking on fresh data for a huge revenue jump after years of tax shortfalls, but analysts aren't convinced.
A weaker yen isn't driving up prices in Japan, Goldman Sachs says, because cheaper oil undercuts price pressure.