Stock markets in Asia mostly rise on Monday, with Tokyo and Shanghai scoring fresh multi-year highs.
Crude oil futures edged lower towards $65 as the dollar strengthened, with a public holiday in the U.S. and much of Europe keeping trading muted.
U.S. stock index futures pointed to a higher open on Wednesday, following Europe into positive territory shrugging off Tuesday's weak close.
The dollar rose more than 1 percent, extending recent gains driven by increasing expectations the Fed will start raising rates.
The dollar hit a one-month high against a basket of major currencies after stronger-than-expected underlying U.S. inflation bolstered the Fed's case for a rate hike.
Gold fell more than 1 percent on Tuesday as the dollar extended gains following stronger U.S. inflation data and comments from the Fed.
Gold prices fell slightly, as the dollar gained traction against major currency rivals, on signs the Fed is preparing to tighten monetary policy.
U.S. stock index futures pointed to a flat to lower open on Tuesday ahead of a hectic day of data releases, following the Memorial Day holiday weekend.
U.S. stocks closed lower on Friday as investors eyed inflation data and Fed Chair Yellen's speech ahead of the long weekend.
Yields remained higher on Friday after Fed Chair Janet Yellen said a interest rate hike will be appropriate this year if the economy improves.
European equities closed mixed on Friday as investors focused on a central banking forum in Portugal and a speech from U.S. Federal Reserve Chair Janet Yellen.
Gold was on course for its biggest weekly decline in four weeks, as the dollar rebounded after a stronger-than-expected rise in core consumer prices.
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.