Stocks fell Tuesday after Federal Reserve Chair Janet Yellen said the central bank could hike rates sooner than expected.
European stocks ended the day lower with peripheral stocks leading the declines, as Portugal's PSI 20 Index fell over 4 percent.
U.S. Treasury prices rose as Federal Reserve Chair Janet Yellen responded to questions after her speech before the House of Representatives.
European shares extended gains to close higher on Wednesday, as investors reacted to fresh growth data from China.
Gold settled higher, but it was still near four week lows on fears that the Federal Reserve could hike U.S. interest rates sooner than expected.
The yen hit a five-month high against the euro on renewed safe-haven inflows as the West imposed further sanctions against Russia.
U.S. oil prices extended gains to over a dollar, hitting more than $101 a barrel as data showed U.S. oil stocks fell sharply last week.
Asian stocks were mixed in choppy trade on Wednesday despite better-than-expected growth data from China.
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
U.S. stock index futures pointed to a flat open on Tuesday, ahead of Federal Reserve Chair Janet Yellen's testimony before Congress.
Treasurys whipsawed after congressional testimony from Fed Chair Janet Yellen indicated concern over 'substantially stretched' asset prices.
European shares ended the day lower, with comments from U.S. Federal Reserve Chair Janet Yellen hitting sentiment.
Gold settled below $1,300 an ounce, as the dollar rose and bullion investors focused on a Fed monetary policy report.
The dollar clung to gains after bulls latched onto a comment by the head of the Fed that rates could rise sooner if employment continued to improve.
Brent crude slipped towards $106 a barrel on Tuesday, as worries over Middle East and North Africa tensions eased.
Asian stocks were mostly higher on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's two-day testimony later in the day.
Asian stocks started the week with gains on Monday as fears about Portugal's banking sector receded and as attention turned to corporate earnings.
Stocks climbed on Monday, with the S&P 500 bouncing back from weekly losses, after Citigroup's earnings beat estimates.
U.S. Treasury prices edged lower on expectations that Federal Reserve Chair Janet Yellen could take a less accommodative stance on interest rates.
European shares closed higher, with earnings news from the U.S. and merger and acquisition activity helping bourses post healthy gains.
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Market attention for the last week of 2014 in Asia will likely fall on a private survey of the mainland's manufacturing activity.
China's trade appears likely to miss official targets, according to a report on a government website that was later revised.
Analysts are skeptical of how much of a growth boost will come from Japan's newly approved $29 billion stimulus spending.