Prime Minister Theresa May was preparing to spend her weekend drumming up support domestically and internationally as she looked for a way to break the Brexit impasse.
These were the movements in some of the most closely-followed 10-year sovereign bond yields:.
Energy and base metals moved higher at the end of the week on the back of positive-sounding news around the US-China trade talks and as more details emerged regarding the first round of talks between Beijing and Washington at the beginning of January.
China has offered to embark on a six-year $1. 0trn buying spree of US goods in a bid to reconfigure the trade relationship between the two economic giants and reduce its trade surplus with America to zero by 2024, Bloomberg reported.
Stocks on the Continent continued to reclaim their losses from last month on the back of a quick succession of more positive-sounding news on the global trade front.
Tesla announced on Friday a 7% cut in staff numbers with Musk saying he sees a “very difficult road” ahead for the company.
London stocks continued to push back towards their end of November levels as investors chose to focus on signs of possibly improving trade relations between the US and China, while brushing-off uninspiring retail sales figures referencing the previous month.
The FTSE 100 ended the week up 50. 15 points at 6968. 33.
The European Commission said on Friday that the UK would have to hold European elections in order to choose its representatives if Brexit is delayed beyond 2 July.
Shares in Chilean copper miner Antofagasta were proving resilient on Friday in the face of a downgrade to 'sell' from 'neutral' by Goldman Sachs, which slashed its price target to 700p from 850p as it argued that the stock's valuation is stretched following the recent rally.
London’s FTSE 250 was up 1. 01% at 18,725. 46 in afternoon trade on Friday, as Metro Bank finished off a strong week by leading the charge.
Positive reports about Sino-US trade talks gave extra impetus to the market mood on Friday.
Carl-Peter Forster, a non-executive director at Chemring, bought into the shares even as they hit a fresh 52-week low in the wake of the company's full-year figures.
Plastic packaging manufacturer RPC Group has for the fourth time pushed back the deadline for private equity firm Apollo Global Management to make a takeover offer.
Healthcare company Bupa has completed the acquisition of Acıbadem Sigorta, Turkey's second-largest health insurer, it announced on Friday.
PipeHawk's subsidiary, QM Systems, has been awarded a partnership contract by Penso UK to provide a fully automated production facility for the manufacture of a new carbon fibre product to be installed at its Coventry facility.
Miton Group dropped on Friday after the fund manager saw a sharp slowdown in new money coming in in the fourth quarter, following a “weak market performance”.
Rio Tinto confirmed that iron ore shipments were at the upper end of its guidance and copper production was ahead, but production for the former will be flat in 2019, with the latter expected to fall.
London's FTSE 100 was up 1. 9% to 6,963. 20 in afternoon trade on Friday, underpinned by signs of improving relations between the US and China.
US consumer sentiment deteriorated a lot more than expected this month, dropping to its lowest level since Donald Trump was elected as worries about trade tariffs and the government shutdown took their toll, according to a preliminary reading from the University of Michigan.