Japanese shares rose to a seven-year high on the first day of the month, while the rest of Asia's indices declined on oil prices and Chinese data.
U.S. stock index futures fell, as ratings agency Moody's downgraded Japan's credit rating and commodity prices continued to tumble.
U.S. stocks closed mixed on Black Friday amid a slide in oil prices following OPEC's announcement that it would not cut its output.
U.S. sovereign bonds rose on Black Friday, with demand for "safe haven" assets boosted after OPEC's announcement.
European shares closed largely flat on Friday, although oil majors fell sharply after OPEC decided not to cut its output target.
US crude prices plunged on OPEC's decision to not cut output, but there could be more losses when markets return to full strength next week.
Gold settled nearly 2 percent lower, extending a three-day slide to a two-week low.
The dollar gained on Friday as concerns about continuing low oil prices added to deflation fears in the euro zone and Japan.
Asian equity markets were mixed on Friday following weak economic data and as oil prices extended their slide.
European shares closed higher with investors reacting to fresh euro zone data, but oil stocks slid after OPEC decided to leave output unchanged.
Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund.
The euro fell against the dollar after data showed Spanish consumer prices falling more than expected.
Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production.
Stocks little moved on Wednesday after data had durable goods declining and jobless claims rising.
Asian stocks were mixed on Thursday following a record close on Wall Street, with Japan continuing to underperform due to a stronger currency.
Yields hit their lowest levels in over a month on weaker-than-expected US data and continued low yields in Europe.
European shares closed mixed on Wednesday, with the German DAX clocking up its tenth straight session of gains.
U.S. stock futures were trading mostly lower on Friday, after global markets were hit by OPEC's announcement that it would not cut its output.
Recent strong US data has fueled talk that the Federal Reserve could soon raise interest rates, depressing gold.
Brent crude oil traded near a barrel after Saudi Arabia signaled it was unlikely to push for big change in oil output.
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