Asian equities were mostly lower on Wednesday after Wall Street logged its fourth straight session of losses amid uncertainty surrounding U.S. budget discussions.
Stocks stumbled in the final minutes of trading to end near session lows Tuesday, with the Dow and S&P posting their fourth-straight session in the red, as investors remained cautious amid uncertainties surrounding central bank's stimulus program and budget discussions in Washington.
US Treasurys prices were aided by a strong 2-year note auction expectations for a longer period of accommodative Fed monetary policy.
European stocks closed modestly higher on Tuesday after the release of economic data from Germany, but the push higher was capped with concerns over the outcome of the German elections and the "tapering" of the U.S. Federal Reserve's stimulus program.
U.S. oil bore the brunt of a weak market, falling as geopolitical tension eased and further evidence emerged of rising oil supplies from Libya and Iraq.
Gold settled lower amid a lack of clarity over U.S. monetary and fiscal policy dented demand.
The euro slipped against the dollar and yen on Tuesday, undermined by German sentiment data that was slightly below expectations.
Asian stocks pared back some of their losses on Tuesday as investors continued to fret about the future of U.S. monetary stimulus among a lack of market catalysts.
Stocks closed lower for the third-straight session Monday, extending sharp losses from the previous week, as investors digested headlines from Fed officials and amid ongoing worries over the debt ceiling and budget wrangling in Washington.
Treasurys prices rose before this week's supply of new debt, aided by accommodative monetary policy and dovish remarks by some Fed officials.
European shares turned lower in a choppy day of trade on Monday, as uncertainty over the formation of a coalition government in Germany weighed on markets.
Crude oil fell below $109 a barrel on Monday as higher output from Iraq and a possible thaw in U.S.-Iran relations weighed on prices.
Gold settled under $1,330 on Monday as confusion over the outlook for U.S. monetary policy dragged on.
The euro rose on Monday after German Chancellor Angela Merkel won a third term in office and German, French and euro zone private sector surveys came in better than expected.
Asian equities were mixed on Monday as investors digested a better-than-expected report of Chinese factory activity, but volumes were thin with Japan shut for a public holiday.
Stocks sold off sharply Friday, with the Dow erasing all of its gains since the Fed's announcement, as uncertainty over the central bank's bond-buying program spooked Wall Street.
Treasurys prices rose on Friday as investors adjusted to the idea that the Federal Reserve was unlikely to tighten monetary policy this year.
European shares fell lower on Friday, mirroring the negative sentiment in the U.S., after St. Louis Fed President James Bullard said the U.S. central bank could taper its $85-billion-a-month bond-buying program during its October meeting.
Crude was headed for its second weekly decline, after a week of diplomatic progress in Syria and Iran drained some geopolitical risk premium from the market.
Gold settled lower on Friday, paring the rally it made after the Fed's surprise decision this week to maintain monetary stimulus.