European markets closed higher on Monday, following suit with Asia after a turnaround on Wall Street on Friday.
Stocks rose as investors weighed a U.S. military strike in Iraq and a possible lessening of tensions in the Russian-Ukraine crisis.
U.S. Treasury bonds continued to gain on Friday, after President Barack Obama authorized airstrikes on Iraq.
European shares closed lower for the seventh time in eight sessions on Friday. Geopolitical tensions continued to rattle investors' nerves.
Oil fell, as analysts said U.S. air strikes in Iraq might actually lower the risk of oil supply disruptions.
Gold rejected a 3-1/2 week high on Friday, but was set for its biggest weekly gain in seven as President Barack Obama authorized air strikes in Iraq.
The euro gained against the dollar and sterling, and investors flocked to the Swiss Franc and yen as Obama approved air strikes in Iraq.
U.S. stock-index futures pointed to a higher open on Wall Street on Monday, on hopes that interventions in Iraq will prove limited.
Asian stocks were mostly lower on Friday after the U.S. authorized targeted airstrikes on Iraq but strong Chinese data helped to boost sentiment.
Stocks fell Thursday as Wall Street echoed action in European markets and tracked Ukraine news.
Wall Street looked set to open higher on Friday, as geopolitical events sent investors fleeing to a perceived flight to safety.
U.S. Treasury bonds recommenced their upward swing on Thursday, as Russian counter-sanctions kept risk-aversion at a high.
European stocks closed lower, after fluctuating for much of the day, as investors reacted to rate decisions by the BoE and the ECB.
Gold above $1,300 as fears of Russian military action against Ukraine and retaliation by Moscow over sanctions burnished gold's appeal.
Crude oil rebounded from the lowest prices in months, as the security situation in northern Iraq raised concerns about disruptions.
The yen came under pressure from Japan's plans to increase its pension allocation to the domestic stock market.
Asian equities ended mostly lower on Thursday ahead of a raft of global central bank meetings.
Wall Street was seen opening higher on Thursday, even as Russia confirmed a wave of counter-sanctions aimed at its Western detractors.
Stocks fell Wednesday, with the S&P 500 at a two-month low, on unease about the standoff in Ukraine.
U.S. Treasury bonds rose on Wednesday, as an upsurge in fears about Russia boosted investors' bid for "safe-haven" assets.
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