After the tumble on Thursday, stocks rebounded on Friday, the S&P 500 rising 1.0 percent. The US 10-year yield rose three basis points while gold fell 0.6 percent.
US economic data on Friday were mixed though.
The Conference Board's US leading economic index rose 0.3 percent in June after having risen 0.7 percent in May.
However, the Thomson Reuters/University of Michigan's preliminary July consumer sentiment index came in at 81.3, down from 82.5 in June.
Meanwhile, there were signs on Friday that China's property market has cooled further. The National Bureau of Statistics reported that new home prices fell in June in 55 of 70 cities surveyed, up from 35 cities in May.
Calculations by Reuters showed that average new home prices in the 70 cities fell 0.5 percent in June, faster than the 0.2 percent fall in May.
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