Global stocks mostly rose Friday, extending a positive winning streak based in part on expectations that the Federal Reserve will cut interest rates again next month.

US indices completed a week of gains in a lightly traded half-session following Thursday's Thanksgiving holiday. Stocks rose all four days the market was open.

"Stocks have erased November's losses during today's shortened trading session, as confidence of a December rate cut coincide with favorable seasonals for markets," said a note from Interactive Brokers' Jose Torres that highlighted the possibility of further gains in December.

Earlier Friday, European bourses also pushed higher.

Without direction overnight from New York, Asian markets moved with little conviction.

While investors have been preoccupied at times in

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