Europe shares regained some ground, ending in positive territory on hopes of further stimulus from the ECB, as the oil price continued to tank.
Oil slumped 5 percent to near six-year lows on Monday after Goldman Sachs slashed its short-term price forecasts.
Gold retreated from a one-month high, as the dollar and shares rose, but doubts rose over when U.S. interest rates would rise.
Sterling fell towards an 18-month low against the dollar, after data showed British inflation at its lowest since 2000.
Asian stock indices started the new week mixed, as trading sentiment was tame after last Friday's U.S. nonfarm payrolls report gave a mixed view of the U.S. economy.
Stocks edged up as the December jobs report topped expectations and hourly earnings declined.
U.S. stock index futures signaled a higher open on Monday ahead of earnings from Alcoa, that kick off a week of big name earnings.
Long dated U.S. Treasury notes turned flat to lower on Friday, after the December U.S. nonfarm payroll report came in better than expected.
Europe shares extended losses on Friday, tracking declines on Wall Street.
Gold prices climbed on Friday after a closely watched U.S. jobs report came in stronger than expected.
Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly.
Asian stock markets enjoyed an upbeat session on Friday, but volatile trade played out in Shanghai, with the benchmark index closing down 0.2 percent after jumping to a more than 4-year high.
Stocks surged Thursday as oil steadied and on thinking central banks would buttress the global economy.
U.S. stock index futures reversed to signal a mildly lower or slightly higher open on Friday after better-than-expected U.S. nonfarm payrolls data.
U.S. government debt prices narrowed earlier losses after a reading on weekly jobless claims.
European stocks surged to close almost 3 percent higher after ECB chief Draghi reiterated the central bank was ready to start "full-blown" QE.
Gold reversed losses to edge higher on Thursday as expectations that the Federal Reserve would exercise patience in raising rates.
Oil held near $51 a barrel supported by a surprise drop in U.S. inventories, as bulls and bears searched for a bottom.
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.
The euro extended losses into a sixth straight day to trade near a nine-year low, as investors bet the ECB was getting closer to adopting QE.
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