Asian stocks started the week on the back foot, as data showing China's manufacturing sector remaining in a poor state, along with a less-than-stellar growth data from the U.S., fueled fresh worries over the global economy.
Stocks declined Friday after the government reported economic growth slowed sharply in the fourth quarter.
Yields on longer-dated U.S. Treasurys sank after a key reading on the U.S. economy showed growth slowed more than expected in the fourth-quarter.
European equities closed lower on Friday with investors reacting to earnings and euro zone inflation and unemployment reports.
Gold edged up on concerns over upcoming increase in U.S. interest rates, with bullion still on track for its biggest weekly drop in two months.
U.S. stock index futures pointed to a higher open on Monday, ahead of the last heavy week of earnings season.
Crude oil settled up 8 percent, or $3.71, at $48.24, its best day since June 2012.
The Swiss franc fell past 1.05 francs per euro for the first time since the Swiss National Bank dumped its 1.20 francs cap.
Asian equities outside China traded higher on Friday, following a halt in the sell-off in energy markets and as traders digest the raft of earnings releases in Tokyo and Seoul.
Stocks rose Thursday after a two-day rout, as Ford Motor rose on earnings and fewer filed jobless claims.
U.S. stock index futures signaled a lower open on Friday, ahead of the first estimate of how much the U.S. economy grew in the final quarter.
US government debt prices slipped on Thursday, after the Fed maintained its pledge to stay "patient" on the timing of a rate hike.
European equities closed mixed on Thursday, with a sharp decline in Shell shares hitting the U.K.'s FTSE 100 index.
Gold prices dropped for the fourth session in five on Thursday, losing as much as 1 percent as the dollar firmed.
The U.S. dollar inched higher against the yen and was steady to the euro on Thursday after a Federal Reserve statement which.
West Texas Intermediate fell below $44 after data showed additions to already record-high U.S. oil inventories.
Asian indices were broadly lower early Thursday, as a rout in energy stocks and a slew of disappointing corporate earnings weigh on regional markets.
Stocks declined on Wednesday, a day after the S&P 500 took its biggest hit in more than three weeks.
U.S. government debt prices rallied on Wednesday, amid speculation about the tone of the Fed's latest policy statement, due later Wednesday.
U.S. stock index futures signaled a mostly higher open on Thursday ahead of a major day of earnings from Wall Street's biggest tech firms.
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Manufacturing in China contracted more slowly in November and the services industry grew, signs that the economy's transition is on track.
Asia's third-largest economy expanded at a 7.4 percent annual rate in the July-September quarter, compared with 7 percent in April-June.
Jan Hatzius, Goldman Sachs's top economist, expects the Federal Reserve to go gradual on rates, and for modest U.S. growth to prevail.