Stocks eased off their best levels but still kicked off the first day of the third quarter with a modest rally, boosted by a pair of better-than-expected economic reports.
Oil futures rose with gains in US crude outpacing the rest of the oil complex and pushing the US contract's discount to Brent to a 2-1/2 year low amid a broad commodities rally.
European shares closed higher on Monday, shadowing gains on Wall Street, where the Dow bounced above the psychologically important 15,000 level.
The stock market just had its best first half of the year since 1998. Now what?
Asian stock markets ended mixed in a choppy session on Monday after factory activity in China confirmed fears of a slowdown in the world's second-largest economy while pessimism over a withdrawal of U.S. stimulus also hurt sentiment.
The market's still jittery after the Fed rattled its cage. But wait, don't relax yet! It's time for the June jobs report. Here's what you need to know for the week ahead.
The dollar advanced against the yen and the euro on Friday as investors resumed pricing in the possibility that the Federal Reserve will begin to pare back its bond-buying program as soon as its September policy meeting.
U.S. oil ended modestly lower in a seesaw session on Friday, as the dollar gained following better-than-expected U.S. consumer data.
Japanese stocks finished the second-quarter on a strong note after a raft of positive economic data on Friday showed a continued pickup in Japan's economy, powering the benchmark index more than 3 percent higher.
Crude oil futures rose for a fourth straight session on Thursday, gaining over $1 a barrel, as conviction strengthened that monetary stimulus measures from major central banks would stay in place for the time being.
The dollar slid against the euro on Thursday, after two days of gains as Federal Reserve officials downplayed expectations the U.S. central bank would start scaling back its stimulus program and said the Fed could buy bonds again if the economy weakens.
U.S. Treasury prices gained on Thursday as bond markets showed signs of stabilizing following the 7-year auction, which drew more aggressive bidding than markets had expected.
Gold settled close to the psychologically key level of $1,200 an ounce amid a lingering debate about the Fed's intention to curtail quantitative easing
Oil edged higher on Wednesday, shaking off earlier losses following a large buildup in U.S. gasoline inventories, buoyed by gains in the stock market and heavy spread trading.
Asian stocks enjoyed a relief rally on Thursday on signs of improvement in China's strained money markets and as fears of a U.S. stimulus withdrawal eased.
Gold tumbled 4 percent on Wednesday, taking it near a three-year low as a rallying U.S. equity markets further cut into demand for bullion as a hedge against economic uncertainty.
The euro declined to a three-week low against the U.S. dollar and fell against Japan's yen on Wednesday after ECB President Mario Draghi highlighted risks to euro zone growth and said monetary policy will stay accommodative.
Asian stock markets surrendered early gains on Wednesday with the Shanghai Composite index leading declines as investors continued to worry about strained liquidity conditions in China despite reassurance from the central bank.
Crude oil prices ended near flat in a sluggish day of trading on Tuesday as stronger equity markets put a floor under prices and Brent's premium over U.S. crude slid below $6.
Gold settled lower at $1,275 on Tuesday as positive housing and consumer confidence data boosted the dollar.