Dollar, Xi in global stocks, gains on Trump's comment.

        

Dollar, Xi in global stocks, gains on Trump's comment.

The dollar increased and global equity markets increased US economic data on Friday, while cordial messages from Chinese President Xi Jinping and US President Donald Trump helped ease tensions over the prolonged US-China trade war.

Government bond yields in US manufacturing output rose at the fastest pace in seven months in November, and a survey of purchasing managers showed that services activity also grew more than expected.

Equity markets warmed up China's new offer to reach a trade deal with the United States. Xi said that China wants to reach an early settlement and avoid a trade war.

Trump said, a trade deal with China is "potentially very close" and also that he stands with the people of both Hong Kong and Xi amid mass protests in the former British colony.

The gauge of Msci shares rose 0.16 percent worldwide, with the Pan-European Stocks 600 index closing up 0.44 percent.

On Wall Street, the Dow Jones Industrial Average rose 109.33 points, or 0.39 percent, to 27,875.62 points. The S&P 500 gained 6.75 points or 0.22 percent to 3,110.29 and the Nasdaq Composite gained 13.67 points or 0.16 percent to 8,519.89 points.

Tesla Inc shares fell 6.14 percent on the Nasdaq as its electric pickup truck design received heavy backlash.

"What you have seen is a market, even when the trade news was not that great, you have seen that the equity market is still bidding exceptionally well," said the French bank Natics in America. Chief Economist Joseph Lavergna said New York.

"People said that is very pessimistic about the development. In my opinion next year the outlook is much better than this," Laorgorgna said.

After the US data was upbeat, most US Treasury yields were higher. Its yield on the benchmark 10-year US Treasury note was 1.7706 percent. The region saw a decline in treasury yields in Europe over weak numbers and skepticism about US-China trade. .

"What Trump says is particularly skeptical about kicking in on December 15 with more US tariffs," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. The tariffs may be delayed, Mendelsohn said, "but at the moment there is a lot of pessimism coming from China, it is very difficult to tell what is real and what is really going on."

Safe-heavy German government bond yields had their biggest daily drop in a week and were 3.6 basis points -0.364 percent at the final. Oil prices were pulled back from a two-month high as trade negotiations were suspected by the Organization of Petroleum Exporting Countries to expand production cuts.

Brent crude futures dropped 58 cents to $ 63.39 a barrel and West Texas Intermediate (WTI) crude futures fell 81 cents to close at $ 57.77. US gold futures remained unchanged at $ 1,463.60 an ounce..

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