• The Dow Jones Industrial Average rose 8.68 points, or 0.03 percent, to 26,154.67, the S&P 500 gained 0.8 points, or 0.03 percent, to 2,904.98 and the Nasdaq Composite dropped 3.67points, or 0.05 percent, to 8,010.04.

A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade war with Beijing.

• U.S. President Donald Trump has directed aides to place U.S. tariffs on about $200 billion more of Chinese goods, according to a person familiar with the matter. This was first reported by Bloomberg.

• The United States and China have already imposed tariffs on $50 billion worth of each other’s goods. The White House has proposed tariffs on an additional $200 billion worth of Chinese imports, including furniture, handbags and some computer parts.

• U.S. President Donald Trump has said he is prepared to move forward with levies on an additional $267 billion - in essence, all Chinese imports into the United States.

• U.S. technology and consumer discretionary stocks have been insulated from global trade tensions, but if another round of U.S. tariffs on Chinese goods goes into effect, even those high-flying sectors could come down to earth.

• The Australian market was set for a cautious open on Monday amid reports that the U.S. could be imposing new tariffs on $200 billion of Chinese goods this week.

In Australia, SPI futures were at 6,180 as compared to the ASX 200's last close at 6,165.3.

• Japan's markets were closed for the day in observance of Respect for the Aged Day.

Reference: Reuters, CNBC