Gold rose, recovering some of the previous session's losses, as a heightened appetite for risk in wider markets boosted commodities.
Oil futures rose on Tuesday, adding to gains of more than 11 percent in the prior two sessions as BP announced a cut in capital expenditure for 2015.
The Australian and New Zealand dollars weakened further following the Reserve Bank of Australia's decision to cut interest rates.
Asian stocks traded mixed on Tuesday, as a rebound in crude oil prices brought mixed blessings, while speculation that the Reserve Bank of Australia (RBA) will cut rates today continued to buoy Australian equities.
U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.
U.S. stock index futures are signalling a lower open on Wall Street on Wednesday, as a tentative rebound in oil prices fades.
U.S. Treasury bond yields continued to decline, after benchmark 10-year notes broke below the key 1.7 percent mark on Friday.
European equities closed mixed on Monday, after a volatile day of trading.
Oil prices climbed on Monday, adding to Friday's powerful rally, but another strong weekly build in U.S. crude stocks limited gains.
U.S. stock index futures gained on Tuesday, following European and Asian bourses higher as oil prices rebounded.
The Swiss franc hit a two-week low against the euro and the dollar, on talk that the Swiss National Bank was intervening to weaken the currency.
Gold prices slipped as buyers cashed in gains after the metal posted its biggest monthly rise in three years in January.
Asian stocks started the week on the back foot, as data showing China's manufacturing sector remaining in a poor state, along with a less-than-stellar growth data from the U.S., fueled fresh worries over the global economy.
Stocks declined Friday after the government reported economic growth slowed sharply in the fourth quarter.
Yields on longer-dated U.S. Treasurys sank after a key reading on the U.S. economy showed growth slowed more than expected in the fourth-quarter.
European equities closed lower on Friday with investors reacting to earnings and euro zone inflation and unemployment reports.
Gold edged up on concerns over upcoming increase in U.S. interest rates, with bullion still on track for its biggest weekly drop in two months.
U.S. stock index futures pointed to a higher open on Monday, ahead of the last heavy week of earnings season.
Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.
The Swiss franc fell past 1.05 francs per euro for the first time since the Swiss National Bank dumped its 1.20 francs cap.
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Oil rig counts in the U.S. rose for the first time since December 2014 last week, which could impact year-end price targets.
Japan's economy is barely growing, its population is falling and wages are stagnant, but investors see big opportunities in its property market.
Don't expect Greek banks to reopen before around July 20, said Athens Chamber of Commerce and Industry's Constantine Michalos.