European stocks ended sharply lower on Tuesday, brought down by autos tanking, mining companies being downgraded and oil prices weighing on sentiment.
Wall Street shares were tipped to open sharply lower on Tuesday, as European markets suffered steep falls.
Gold fell 1 percent on Tuesday, pressured as the dollar strengthened on renewed expectations that the Fed will raise interest rates.
Oil prices fell on Tuesday after a one-day rally, with U.S. crude pulled down as much as 3 percent by weaker stocks and skittish sentiment.
The dollar hit an almost two-week high after comments from Fed officials revived expectations of a U.S. interest rate hike this year.
U.S. stocks were expected to open flat to mildly higher on Wednesday, with a rally in Europe acting as buffer to further signs of weakness in China's economy.
The Treasury Department auctioned $26 billion in two-year notes at a high yield of 0.699 percent.
Asian shares largely advanced on Tuesday, stabilizing from sharp declines in the previous session, after Wall Street ended higher.
U.S. stocks closed mixed as investors weighed a decline in biotechs and eyed comments from Federal Reserve speakers.
European equities bounced back Monday, finishing higher despite an uninspiring lead from Asia and key European stocks tanking.
Crude rallied amid a jump in gasoline prices and on concerns that U.S. production may slow as drilling steadily declines.
Gold retreated from the previous session's near three-week high on Monday as strength in stocks and the dollar dampened a rally.
The U.S. dollar strengthened against a basket of major currencies on the view that the Fed was on track to hike rates this year.
Asian stocks outside China skidded on Monday as the Fed's decision to keep interest rates near zero stoked concerns about global growth.
U.S. Treasury prices fell on Monday amid a rebound in U.S. equity markets and as comments by two top Federal Reserve officials.
U.S. stocks closed sharply lower as investors weighed concerns over the implications of the Fed's decision to keep short-term rates unchanged.
U.S. government debt prices were higher Friday as investors reacted to yesterday's decision from the Fed to hold off rising rates.
European markets suffered a tumultuous day on Friday, after the Federal Reserve's decision to hold interest rates fanned investor worries.
Oil prices fell as rig counts declined for a third straight week, a sign the latest crude weakness was causing drillers to pause.
Gold rose to a near 3-week high on Friday as the Fed's decision to leave interest rates unchanged rattled investors' outlook on the global economy.