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·       European markets rallied Friday morning after Italian parties averted the prospect of a snap election, although renewed fears of a global trade conflict appeared to limit gains.

The pan-European Stoxx 600 was up around 0.6 percent during early morning deals, with almost all sectors and major bourses in positive territory.

·       Asian equities recovered from early weakness on Friday as a lower yen supported Japanese stocks and firm exports boosted South Korean markets. Still, rekindled concerns about U.S. trade policies limited regional gains.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.1 percent but the index was still down roughly 0.6 percent for the week, during which it hit a six-week low on concerns about Italy’s struggle to form a government.

·       Japan’s Nikkei share average ended lower on Friday, as selling in large cap stocks and concerns about U.S. tariffs on metal imports erased earlier gains made after a weaker yen supported exporter firms.

The Nikkei fell 0.1 percent to 22,171.35, swinging into negative territory after a rise earlier in the session. For the week, it dropped 1.2 percent.

·       Chinese stocks slid on Friday as U.S. tariffs reignited fears of a global trade war, overshadowing China A-shares’ long-awaited inclusion in MSCI’s benchmark market indexes which had been expected to draw a surge of foreign inflows in coming months.

The Shanghai Composite Index started out flat before ending the morning session down 0.5 percent, while the benchmark CSI300 dropped 0.8 percent.

Referenece: Reuters, CNBC