U.S. stocks declined about 1 percent after a surprising move overnight by the People's Bank of China to depreciate the yuan by nearly 2 percent.
U.S. Treasury yields tumbled to multimonth lows on Tuesday as a surprise currency devaluation by China touched off safety buying.
European equities ended sharply lower on Tuesday, amid the surprising news that China has allowed a "one-time" depreciation of its currency against the U.S. dollar.
China devaluing its currency and a new projection on non-OPEC countries weighed on oil prices on Tuesday.
The yuan suffered its biggest fall in over two decades on Tuesday.
Gold rose to a three-week high on Tuesday as the dollar reversed gains, global stocks fell and investors assessed the impact of China's move.
Asina equities mostly erased early gains to end in negative territory on Tuesday, after the People's Bank of China allowed its currency to depreciate.
U.S. stocks closed more than 1 percent higher as a recovery in oil prices and a Warren Buffett acquisition encouraged investor sentiment.
U.S. stock index futures indicated another sharply lower open on Wednesday, with Dow futures down by around 165 points after China moved to devalue its currency for a second day in a row.
U.S.government debt prices fell as investors shift focus to scheduled speeches from U.S. Federal Reserve members and retail data this week.
Crude oil prices snapped a three-session losing streak after a rally in U.S. gasoline and diesel.
Gold rose 1 percent to above $1,100 an ounce on Monday, its biggest increase in more than seven weeks, as the U.S. dollar turned lower.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
China's Shanghai Composite index bucked the cautious sentiment across Asia on Monday, surging nearly 5 percent to end at a two-week high.
U.S. stocks closed slightly lower as news of an activist stake in American Express offset some of the pressure from oil’s decline.
U.S. stock index futures indicated a sharply lower open on Tuesday after the PBoC allowed the yuan to depreciate 2 percent against the U.S. dollar.
U.S. bond prices rose after earlier dropping as all-important non-farm payrolls data fell short of forecasts.
Crude oil futures rolled towards its longest run of weekly losses since the turn of the year.
Gold slipped on Friday as the dollar edged higher on a solid U.S. jobs report, but pivoted into positive territory.
The dollar dropped from a near four-month high against a currency basket on Friday, as investors pared back bullish bets following jobs data.
Get the best of CNBC in your inbox
Manufacturing in China contracted more slowly in November and the services industry grew, signs that the economy's transition is on track.
Asia's third-largest economy expanded at a 7.4 percent annual rate in the July-September quarter, compared with 7 percent in April-June.
Jan Hatzius, Goldman Sachs's top economist, expects the Federal Reserve to go gradual on rates, and for modest U.S. growth to prevail.