MSCI's global equities index was barely higher on Friday while Wall Street trading was choppy and the dollar lost ground as a U.S. trade deal with Britain fueled guarded optimism for U.S. tariff negotiations with China and other countries.

U.S. and Chinese officials will meet in Switzerland this weekend for their first talks since the onset of a tit-for-tat trade war. Can the U.S.-U.K. trade agreement reached this week pave the way for what Wall Street really wants: de-escalation with China?

US stocks closed flat as investors took profits from the recent rally ahead of US-China trade talks this weekend in Switzerland.