Major stock markets outside the United States ended on Friday.
Energy was the only sector in Europe to finish in positive territory, led by heavyweights oil groups Total and Royal Dutch Shell on a spike in the price of crude to over $147 a barrel amid growing worries of threats to supplies from Iran and elsewhere.
The FTSEurofirst 300 index of top European shares dropped 2.6 percent to 1,126.39 points - its lowest close since June 9, 2005 and down more than 25 percent so far this year.
The S&P/ASX 200 index rose 42.5 points to 4,979.9, having dipped 0.1 percent at one point during the session. Over the week the index lost 102.2 points.
The All-share index closed at 27,735.64 points, up 48.16 or 0.17 percent, a fall of 436.64 points from last week. The All Gold index closed at 2,307.86 points, up 74.71 or 3.35 percent, a rise of 51.14 points on the week. The Industrial index closed at 17,941.38 points, down 200.31 or 1.10 percent and a loss of 275.39 points since July 4.