The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report uptick.
The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.
The weekly rig count has fallen every week since Dec. 12, though the pace of declines has fallen in recent weeks.
U.S. stocks traded in a narrow range on Thursday as investors eyed slightly lower bond yields and mostly shook off the morning's mixed economic data.
European equities finished higher on Thursday as investors digested fresh data from the euro zone.
China's equity markets stood out amid mixed trading in the region on Thursday, as investors bet on further economic stimulus from Beijing.
Gold steadied as the dollar fell following minutes from the Fed's policy meeting showing the US central bank was unlikely to raise interest rates in June.
The dollar stepped back but held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
WTI crude oil rose about 3 percent as a reported drawdown of stockpiles in the Cushing delivery point for US crude futures boosted optimism.
U.S. stock index futures indicated a flat to slightly lower open for Friday after inflation data and ahead of a speech by U.S. Federal Reserve Chair Janet Yellen.
U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.
U.S. government debt prices rose slightly on Wednesday, pushing yields lower ahead of the release of the minutes of April's Federal Reserve meeting.
European shares closed higher on Wednesday, but markets struggled to gain momentum amid worries about cash-strapped Greece.
In Japan, a better-than-expected gross domestic product (GDP) helped its stock market to outperform the region on Wednesday.
Gold struggled near its lowest in a week, holding steep overnight losses triggered by a stronger dollar and stock market, ahead of Fed minutes.
U.S. stock index futures indicated a softer open on Thursday, ahead of existing home sales.
The U.S. dollar weakened against the euro on Thursday for the first time this week.
Oil prices rebounded on Wednesday to settle 1.71 percent higher at $58.98 per barrel with U.S. crude snapping a five-day decline.
U.S. stocks closed mixed on Tuesday as investors eyed renewed gains in yields and the dollar ahead of the Federal Reserve meeting minutes
European equities finished sharply higher, with investors reacting to corporate earnings and focusing on comments by a member of the ECB.
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Central banks are in the spotlight in the week ahead, with decisions on monetary policy due in Australia and Japan.
Emerging economies risk “leading the world economy into a slump,” with lower growth and a rout in financial markets, the Financial Times reports.
Dilma Rousseff of Brazil announced Friday that she was cutting her salary by 10%, reducing the size of her cabinet and slashing thousands of jobs, the NYT reports.