Oil prices are likely to sink further from the 12-year trough reached this week and the clue might be in futures contracts.
Oil is being slammed by a severe erosion in market confidence caused by the weak global environment, according to a top energy expert.
The U.S. crude settle came in at $30.44 a barrel, according to the NYMEX.
Barclays will announce investment banking job cuts across Asia next week, including closures in South Korea and Taiwan, sources said.
European stocks attempted to make gains on Tuesday, but closed mixed as the volatility in oil prices kept investors on edge.
European markets posted strong gains during Thursday's session, closing higher, after the Fed announced its first rate rise in almost a decade.
Asian stock markets closed in positive territory, taking cues from a positive finish in Wall Street overnight after the Fed raised interest rates.
Chinese markets closed higher on Wednesday on the back of rumors of an upcoming incentive to boost China's property market.
Royal Bank of Scotland and Standard Chartered, the U.K.-based banks, scraped through the country's bank stress tests.
Hong Kong's unrest may be prompting globe-trotting millionaires to locate to Singapore instead, as the cities each strive to be Asia's financial hub.
Asian shares traded mixed on Friday, as investors awaited the release of U.S. jobs data that could provide hints to when the Fed will raise interest rates.
U.S. stocks closed higher Tuesday, off session highs, supported by gains in energy and tech stocks.
European equities ended slightly higher on Tuesday as the rally in oil prices helped shake off weak earnings results.
U.S. stock index futures pointed to a lower open Tuesday, as investors paused for breath after the S&P 500 breached the 2,100-point level on Monday.
Squawk Box Live in Europe had analysis of Standard Chartered and UBS earnings, plus the latest on the Volkswagen scandal.
The Asia-focused bank also announced a strategic review that will see it focus more on affluent retail clients than institutional clients.
China is set to pick London as the first overseas financial centre in which to open a yuan sovereign debt market, the FT reports.
Barclays' chairman said European investment banks should merge to create a regional champion to compete with US peers, the FT reports.
George Osborne, the U.K.’s Chancellor of the Exchequer, has pledged further tax cuts to the country’s businesses - but with conditions attached.
Asian stocks kicked off the week on a positive note after a weak U.S. employment report cooled expectations for an imminent U.S. rate hike.