World stock markets roared their approval on Thursday of reassurances the U.S. Federal Reserve will not rush into raising interest rates, with risk appetite flooding back into almost every asset class.
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Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dollar's strength.
Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is hoping that help will come from something it cannot control: the value of the euro.
Asian stocks slid on Wednesday as worries about waning global growth lifted safe-haven bonds and the yen, while shoving oil prices to their lowest in more than two years.
U.S. stocks ended sharply lower on Tuesday, with major indexes falling 1 percent in heavy trading, as weak data out of Germany raised concerns about the strength of global growth ahead of the start of earnings season.
GT Advanced Technology Inc shares were attracting the most volume on the Nasdaq on Tuesday morning a day after the sapphire glass maker filed for bankruptcy.
A second day of weak German data sent European markets into retreat on Tuesday with stocks, the euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt slowdown in the bloc's economic engine room.
The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.
Asian shares tentatively rose in early trade on Tuesday, while the dollar steadied after investors locked in some gains overnight on its recent rally.
Japanese stocks bounced on Monday and the U.S. dollar held near four-year highs against a basket of currencies, as upbeat U.S. jobs data boosted sentiment after a week of worries about global growth and geopolitical tensions frayed investor nerves.
