European equities accelerated gains to close around 1 percent higher on Tuesday, after a choppy day of trade.
The dollar rose on Tuesday, as Wall Street rallied on solid retail sales data.
Gold eased on Tuesday, under pressure from a marginally firmer dollar, but with caution ahead of this week's Federal Reserve announcement.
Bonds tumbled as upbeat consumer spending data lowered demand for U.S. debt, pushing the two-year note yield to its highest level since 2011.
US crude closed 1.3% higher after the White House said it does not support a bill to repeal a 40-year-old ban on exports of crude oil.
Chinese shares took another tumble on Tuesday amid persisting worries about the health of the world's second-biggest economy.
Wall Street looked set to open near the flatline on Wednesday as the U.S. Federal Reserve kicks off a two-day meeting.
U.S. stocks closed lower as investors weighed mostly negative stock performance overseas and eyed the Federal Reserve meeting later in the week.
European markets closed flat to lower on Monday, with investors cautious ahead of the U.S. Federal Reserve's interest rate decision on Thursday.
Crude oil fell more than 1 percent on Monday, dragged down by a tumble in gasoline prices.
Gold rebounded mid-day Monday, after it edged down to just above a one-month low early in the day ahead of a Federal Reserve policy meeting.
U.S. stocks were expected to open higher on Tuesday amid data that could shed light on the closely-anticipated U.S. Federal Reserve meeting this week.
US Treasurys were little moved on Monday, as caution reigned over the bond market ahead of this week's U.S. Federal Reserve meeting.
The dollar hit an almost three-week low ahead of this week's Federal Reserve meeting, as investors bet interest rates would be held.
Asian stocks put up a mixed performance on Monday, as traders digest a slew of Chinese data and tread cautiously ahead of the Fed's meeting.
U.S. stocks closed mildly higher despite a renewed decline in oil prices and uncertainty ahead of the key Federal Reserve meeting next week.
U.S. government debt prices were higher Friday, with stocks expected to open weaker and investors cautious about next week's Fed meeting.
Gold eased while uncertainty over the timing of the Federal Reserve's first interest rate increase in nearly a decade held prices in a narrow range.
Crude fell after Goldman slashed its price forecast through next year, while global equity markets traded mixed on worries over the economic outlook .
The dollar was lower on Friday in thin, listless trading ahead of next week's Federal Reserve policymaking meeting.