US shares finished the first week of the year higher, led by gains in materials and chipmaker stocks, while US Treasuries ended mixed following the latest jobs data. Elsewhere, European markets closed at record highs after Glencore surged on takeover interest from Rio Tinto. In commodities, oil prices rose as traders assessed potential supply risks from Iran and Russia, while gold prices advanced following a softer-than-expected US payrolls report and ongoing geopolitical uncertainty. Back home, Aussie shares are set to open higher as investors look ahead to the Black Friday spending test.

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