Markets mostly rose on Friday.
The S&P 500 rose 0.8 percent to a fresh record high while the STOXX Europe 600 rose 0.4 percent. Earlier in Asia, the Nikkei 225 rose 0.7 percent but the Shanghai Composite fell 0.6 percent.
Stocks rose as White House economic adviser Larry Kudlow suggested that a “phase one” trade deal between the US and China was close, with negotiations making “very good progress”.
US economic data released on Friday were mixed though.
US retail sales rebounded in October, rising 0.3 percent after a 0.3 percent decline in September.
However, US industrial output fell 0.8 percent in October, the worst in 17 months.
MUFG chief economist Chris Rupkey remarked that “the economy looks rockier with the manufacturing recession deepening and consumers spending less this quarter than they did earlier in the year”.
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