Wall Street has edged up after US President Donald Trump said he expected a swift end to the trade war with China, boosting investors' hopes and the indexes.
European equities gain around 1 per cent; Trump: 'Dangerous' Huawei could be in China trade deal; Sterling firms, dollar off 2-year highs; some respite for oil.
The ASX has closed lower after a drop in the price of oil hit energy stocks, but for the week the local bourse was up a respectable 1.4%.
Wall Street's major indexes have all ended more than 1 per cent lower as investors offloaded shares of companies in growth and cyclical sectors.
The Reject Shop says it will close down seven of its stores by the end of June as it warned of a likely loss for the 2019 financial year.
Kidman Resources shareholders will vote on Wesfarmers' $776 million takeover offer in August after the companies entered into a scheme implementation deed.
ASIC says neither consumers or regulators will benefit if spurious 'for the sake of it' investigations become a feature of the post-royal commission.
Aristocrat Leisure has lifted first-half profit 15 per cent to $356.5 million, helped by what the gaming giant says was an improved domestic performance.
NZ dairy giant Fonterra has cut its full-year guidance and will close a century-old factory in western Victoria amid ongoing drought conditions.
Renewed worries over the US-China spat after reports Washington has another Chinese tech firm in its sights have helped mute trade in global stocks.