Oil dropped to a 3 month low on Wednesday, after the largest weekly buildup of U.S. crude stocks in a year added to concerns that a budget impasse in Washington would curb demand.
The dollar remained near its recent eight-month lows as U.S. lawmakers struggled to find a solution to the country's budget and debt problems.
Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.
Stocks finished sharply lower for a second session Tuesday, with major averages hitting one-month lows, as investors digested comments from President Barack Obama on the ongoing political impasse in Washington.
Crude prices on both sides of the Atlantic rose on Tuesday, with U.S. oil settling higher as the dollar weakened and geopolitical risk crept back into the markets.
US bond prices gained as lawmakers in Washington showed no progress towards ending a partial government shutdown.
European shares closed lower on Monday as the partial government shutdown in the U.S. continued, and as investors worried that the impasse could lead to the country defaulting on its debt.
U.S. oil ended the session sharply lower on Monday, as a partial U.S. government shutdown entered a second week, and stirred fears about demand.
The dollar hovered near an eight-month low against a basket of currencies on Monday as a U.S. budget deadlock showed no sign of breaking.
Gold settled higher as a lack of progress among lawmakers to resolve a govt shutdown and raise the debt ceiling bolstered bullion's safe-haven appeal.
Stocks finished higher Friday, recovering from the previous day's sharp losses and the Dow reclaiming its footing above 15000 mark, despite Washington's ongoing budget stalemate.
U.S. bonds moved lower on Friday as the budget debate that has left much of government shut continued in Washington and weighed on markets.
European shares closed higher on Friday, helped by Italy's FTSE MIB, which continued to rally.
Oil traded with slim gains as the budget standoff in the United States continued and uncertainty about when it would end gripped the market.
Gold settled lower on Friday as the dollar index rebounded from eight-month lows.
The dollar index rose for the first time in six sessions but was within striking distance of a recent eight-month low investors remained cautious.
Asia pared losses on Friday after the Bank of Japan left monetary policy unchanged and as the U.S. government shutdown dragged into a fourth day.
Stocks finished broadly lower Thursday, with the Dow closing below the psychologically-important 15000 mark, after gunshots were fired outside the Capitol building and as the government shutdown dragged into a third day.
Bond prices rose as an ongoing contest in Washington inspired investors to buy U.S. debt, still the most viable safe haven.
European shares closed lower, tracking the downward trend in U.S. stocks as the budget deadlock in Washington continued.