The Dow Jones industrial average surged ahead in Friday night's session riding the coat tails of positive US employment data released. Employers in the US added 204,000 jobs in October well above the expected 125,000. The Dow and S&P 500 ended the session by chalking their fifth straight week of gains with a new high for the Dow closing at 15,761.78 and 1,770.61 for the S&P 500.
The much anticipated Twitter NYSE listing lost some shine with shares falling 7.2 percent on Friday to $US41.65 only a day after its debut rally of 72.7 percent and just below its opening print of $US45.10
European markets ended the session mixed with the FTSE 100 gaining 0.17 percent to close at 6,708.42. Deflation fears continue to rattle the euro zone's second largest economy as Standard & Poor's cut France's sovereign credit rating on Friday by one notch to AA from AA suggesting the government's labour market and taxation reforms will not improve the economic outlook.
The positive US jobs read and US dollar strength saw the Australian dollar lower sparking renewed talk the Federal Reserve may begin tapering sooner rather than later although is likely to find support around 0.9400 against the Greenback.
Gold saw its biggest one-day fall in over a month in heavy volume as a fluster of Sell orders post US nonfarm payrolls saw gold futures plummet over US$10 in just minutes. The metal fell 2.2 percent for the week to end at US$1284.60 an ounce.
Spot Iron was also lower falling US$1.00 to US $135.90 per tonne.
Oil prices saw a marginal rise with Brent up US76c to US $104.95 per barrel and WTI up US15c to US$94.60 per barrel.
Today will see finance and investment lending data in Australia, with NAB's business confidence survey due on Tuesday and Westpac's consumer confidence due on Wednesday.