European stocks closed sharply higher Friday, as investors cheered China's central bank as it cut interest rates and digested more earnings.
The euro stumbled to a two-month low against the dollar on Friday.
Oil traded lower on Friday after the Chinese central bank cut benchmark interest rates for the sixth time since November.
U.S. stock index futures indicated a flat to mildly lower open as traders prepare for the Fed's two-day meeting this week and a slew of earnings.
Gold was flat to slightly lower on Friday as the dollar soared to its highest level in more than two months and U.S. equities raced higher.
Asian share markets rallied on Friday, encouraged by sharp offshore gains following hints of new stimulus from the European Central Bank.
U.S. stocks closed sharply higher on Thursday, as Wall Street digested the European Central Bank's rates decision.
The yield on two-year notes hit session lows after the Treasury Department said it will delay an upcoming auction of two-year debt supply.
U.S. futures extended gains after the Chinese central bank cut interest rates for the sixth time since last November.
European markets jumped higher on Thursday, after the European Central Bank's president said that policy would be re-examined in December.
Crude prices turned negative on Thursday, after rallying with gasoline and as technical charts suggested a price rebound.
Gold fell to its lowest in more than a week on Thursday, pressured by a strong dollar and uncertainty over the timing of a U.S. Fed rate rise.
The euro tumbled on Thursday after European Central Bank President Mario Draghi said the bank discussed a further interest rate cut.
Asian stocks put up a mixed performance on Thursday, as investors kept a wary eye on China which recovered from the prior day's sudden sell-off.
U.S. stocks closed lower Wednesday, as investors took in fresh corporate earnings.
Bonds climbed after after Japanese trade data raised concerns about another recession in the world's third-largest economy.
U.S. stock index futures pointed to a sharply higher open on Thursday.
European equities ended trade mixed on Wednesday as investors digested mixed earnings, ahead of an ECB meeting on Thursday.
The dollar rose against emerging market and commodity-linked currencies on Wednesday.
Gold fell almost 1 percent on Wednesday for its biggest one-day loss in three weeks on technical selling and long liquidation as the dollar recovered.
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The U.K. will put "security first," the finance minister said. Plus, he scrapped plans to cut welfare payments to low-paid workers.
China’s slowdown could pose risks for the euro area ranging from falling exports, capital outflows and exchange rate fluctuations, the ECB has said.
The European Central Bank said on Wednesday it would temporarily pause its asset purchase program, resuming the purchases on January 4.