·         On Wall Street, the Dow Jones Industrial Average rose 123.95 points, or 0.49 percent, to 25,413.22, the S&P 500 gained 5.94 points, or 0.22 percent, to 2,736.14 and the Nasdaq Composite dropped 11.16 points, or 0.15 percent, to 7,247.87.

The U.S. dollar weakened and Treasury yields slid on Friday after a top Federal Reserve official said U.S. interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over U.S.-China trade ties.

·         Clarida’s comments helped support stocks, which were also boosted by comments from President Donald Trump on trade.

·         Trump said he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions.

·         Investors are pointing toward the G20 meeting later this month, when leaders from the United States and China are expected to meet, and the Fed’s meeting in December as key events for markets.

·         European stocks were lower Friday afternoon, as investors continued to closely monitor the ongoing political turmoil in the U.K.

The pan-European Stoxx 600 finished down around 0.12 percent during Friday deals. On the week the European list of blue chips shed 2.68 percent.

Europe's banking index suffered more losses Friday, down around 0.74 percent as U.K. lenders struggled amid heightened fears the country could soon crash out of the European Union without a Brexit divorce deal. Metro Bank, Lloyds and RBS all shed value.

·         Stocks in Asia were traded mixed Monday morning as investors remained cautious following fresh developments in British politics and the ongoing tensions between the United States and China.

Japan's Nikkei 225 rose 0.52 percent in early trade while the Topix index saw gains of 0.39 percent.

The positive moves followed trade data that showed the country's exports rising 8.2 percent in October from a year earlier, reversing the decline seen in September. Still, the October number came below expectations of a 9 percent rise from economists polled by Reuters.

Meanwhile, South Korea's Kospi rose 0.32 percent.

Australia's benchmark ASX 200 slipped 0.31 percent in morning trade, with most sectors seeing losses. Energy stocks fell 1.43 percent while the heavily weighted financial subindex was down 0.38 percent.

Reference: Reuters, CNBC