Canada's benchmark stock index will notch only minor gains by year-end, a Reuters poll found, as investors remain cautious about global growth, the US election in November, and whether oil prices will hold on to their recent strength.
Petrochemical shares were the main drag on Saudi Arabia's equity index after oil prices fell 4 percent at the end of last week, while Qatar's main index regained some ground. Riyadh's main index fell 0.6 percent to 5,913 points in low volumes, hitting a fresh 7-month low. Bellwether petrochemical producer Saudi Basic Industries declined 2.4 percent.
Investors retreated from US-based funds as stocks and bonds slid, pulling the most cash in the latest week since the British vote to quit the European Union, Investment Company Institute data showed on Wednesday.
Japanese banks and companies have nearly doubled their dollar-denominated debt issuance this year to the second highest on record as they seek to avoid the unusually high costs of raising dollars in other parts of the financial markets.
Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week. Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress on a bilateral agreement ahead of talks by crude exporters aimed at freezing production.