European markets held onto gains on Wednesday ahead of a widely-expected interest rate rise by the U.S. Federal Reserve.
Gold held firm after the Fed raised interest rates, as expected, making clear it was a tentative beginning to a "gradual" tightening cycle.
Oil settles nearly 5 percent lower after the Fed's decision to raise interest rates.
The U.S. dollar lost some ground on Wednesday, after the Federal Reserve decide to raise interest rates for the first time in nearly a decade.
Asian markets climbed on Wednesday, taking cues from a strong finish on Wall Street.
U.S. stock index futures indicated a higher open Thursday as traders reacted to the Fed's decision to hike rates.
U.S. stocks closed higher Tuesday, supported by stabilization in oil prices and high expectations for the first rate hike in nine years.
U.S. sovereign bond prices were lower on Tuesday, pushing yields higher ahead of the start the much anticipated Federal Reserve meeting.
European equities finished sharply higher on Tuesday, as investors cheered a recovery in oil prices and positive data from the autos sector.
Asian markets closed mostly down after selling off on Monday, with some energy stocks seeing a rebound after oil prices rose in the U.S. session.
U.S. stock index futures indicated a higher open, with Dow futures up about 100 points in pre-market trade ahead of the expected Fed rate rise.
Oil rebounded by nearly 3 percent on Tuesday, halting a slide to 11-year lows, ahead of a key Fed meeting.
U.S. stocks closed higher Monday, helped by a pause in the oil price slide amid continued concerns about the high-yield debt market.
Prices of U.S. Treasuries were down slightly in choppy trading on Monday as traders awaited a possible interest rate increase by the Fed this week.
European equities closed sharply lower on Monday as oil and commodities continued to slide, while investors looked ahead to a U.S. Federal Reserve meeting this week.
Gold steadied on Tuesday, arresting the previous day's 1 percent slide as the dollar retreated, but moves were muted as traders awaited the Fed.
The dollar turned positive, after edging lower on worries that oil prices and credit market turmoil could limit U.S. interest rate hikes.
U.S. crude reversed course after hitting fresh lows that came close to those seen at start of the 2008 financial crisis.
Gold fell 1 percent on Monday ahead of a Fed policy meeting this week, which is expected to announce the first interest rate rise in nearly a decade.
Asian equities closed mostly lower on Monday, as investors remain focused on the mid-week decision from the Fed.