U.S. bonds fell on Tuesday, as investors' "safe-haven" bid waned, due to signs of progress in resolving the political turmoil in Ukraine.
European stocks closed higher on Tuesday, after Vladimir Putin stated that any use of force in Ukraine would be a last resort.
Few bright sparks could be found in dour Asian stock markets on Monday.
Oil prices fell sharply on news that raised hopes that tensions in Ukraine's crisis were ebbing slightly.
Gold prices fell 1 percent on Tuesday, retreating from the previous day's four-month high.
U.S. stocks declined on Monday on worries about Russian intervention in the Ukraine.
The yen extended its losses against the dollar and euro as concerns over the standoff between Russia and Ukraine eased somewhat.
Despite the ongoing turmoil in Ukraine, Wall Street looked set to rebound on Tuesday, following the worst day for markets in a month.
U.S. bonds traded higher on Monday, as ongoing turmoil in Ukraine boosted investors' bid for "safe haven assets".
European stocks closed sharply lower on Monday, with investor sentiment curbed by the growing instability in Crimea.
U.S. oil rose on market talk of decreased supply from the Bakken shale in North Dakota, which federal officials called a rumor.
Gold ended more than 2 percent higher as escalating tensions between Ukraine and Russia bolstered demand for assets perceived to be relatively safe.
Crude rallied more than $2 per barrel on Monday, lifted by rising tension in Ukraine and growing fears of a Russian invasion.
Monday will kick off a busy week for data on Wall Street, with the latest manufacturing ISM index due at 10 a.m. ET.
The dollar, ruble and euro rose against the yen on Tuesday, helped by signs Russia may want to avoid more military action in Ukraine.
Stocks turned lower on Friday, with the S&P 500 retreating from its record.
U.S. Treasury notes ticked lower as investors scaled back on the "safe haven" purchases that have been fueled by the chaos in Ukraine.
European stocks closed flat on Friday, paring morning losses after responding to rises on Wall Street.
Gold prices settled higher on Thursday due to a steady dollar, but remained well below the previous day's four-month high.
The dollar fell to a two-month low against the euro after data showed euro zone inflation unexpectedly held steady this month.
Get the best of CNBC in your inbox