Crude oil reversed early losses on Tuesday, after the Energy Information Agency raised its price forecast for Brent, which overwhelmed earlier concerns about faltering global growth.
European shares closed mixed on Tuesday, with upward momentum coming from the basic resources sector as benign Chinese inflation data raised hopes of further monetary easing by Beijing.
U.S. stock index futures edged higher Tuesday, lifted by upbeat economic data from Europe and China and following Alcoa's earnings report.
Asian stock markets traded higher on Tuesday with Japanese stocks hitting near five-year highs as investors shifted their focus to the first quarter earnings season that is expected to show modest growth.
With earnings season a potential negative for stocks, traders are even more vigilant than usual for news on the direction of the economy.
It's a long stretch to set this as a target, but any sustained breakout above 102 has 111 as the next target, says this chartist.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.
Gold fell on Monday as a stronger performance in U.S. equities and a dollar rise prompted investors to take profits after its rally in the previous session.
Oil prices edged higher, lifted by gains in gasoline futures and strong selling of the spread between Brent crude and U.S. crude.
U.S. government debt prices were lower on Monday as investors booked profits after last week's rally and dealers prepared for this week's auctions of $66 billion in longer-dated Treasury debt.
Markets in Shanghai and Hong Kong pared earlier steep losses on Monday after worries about a new strain of avian flu drove both indices to fresh lows for 2013. Meanwhile, Japan's benchmark Nikkei revisited the 13,000 mark after the yen slid to a four-and-a-half year low against the dollar.
The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
Gold rallied over 1.5 percent, its biggest one-day gain since November, as disappointing U.S. job data fueled expectations the Federal Reserve will continue its bullion-friendly bond purchases.
Brent crude oil fell to an eight-month low below $104 a barrel on Friday as data showed a much sharper slowdown in hiring by U.S. employers than analysts had expected.
Prices for U.S. Treasurys jumped on Friday and yields fell to their lowest this year after data showed far fewer jobs were created than expected in March, fueling worries the beleaguered labor market is still struggling.
European shares closed lower on Friday after U.S. jobs data came in well below expectations, raising concerns that the recovery in the world's largest economy is weakening.
U.S. stock index futures accelerated their losses Friday following a much weaker-than-expected March unemployment report combined with ongoing worries over North Korea.
U.S. Treasury yields tumbled to their lowest level since last December, undermined by a soft U.S. jobs report that fell short of market expectations.
Investors are starting to "wake-up to the reality" that stocks are the only way for them to get real returns on their money, Tempeton's Mark Mobius told CNBC.
Janet Yellen, a potential successor to Ben Bernanke, is seen as a "loose cannon" and could upset the markets, Bob Janjuah of Nomura told CNBC.