A rise in crude oil prices and gains for some European banking shares helped prod stock markets into positive territory on Tuesday, in a week dominated by what second-quarter corporate earnings will say about the state of global markets and growth.
Stocks and bond yields rebounded on Friday, led by a strong rise in oil prices, but were still on track to end lower over the course of a bruising and volatile week that's been marked by the Japanese yen's surge against the dollar.
The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded.
U.S. stocks opened lower on Friday after data showed employers added more jobs than expected in March, a sign of economic resilience that could encourage the Federal Reserve to raise interest rates this year.
U.S. fund managers have cut recommendations for equity and bond holdings and increased allocations in alternative investments to near a four-year high as they look for better returns, a Reuters poll found on Thursday.