The US dollar rose against a basket of global currencies on Monday, resuming gains after a stall in the previous day on profit-taking from a 6-week high, ahead of important US data on the manufacturing activity during November, which provides insight on the US economic growth path during Q4, after a better-than-expected growth during Q3.

Dollar index rose by 0.1% to 98.38 points, after opening at 97.27, and hit an intraday low of 97.27.

The US dollar fell by 0.1% on Friday, on profit-taking from a 6-week high of 98.54 points.

During November, dollar gained 1%, posting its fourth monthly gain in 5 months, due to positive developments in trade talks between the US and China.

The monthly gains were buoyed by the continue upbeat US economic data, which ebbed odds that the US Federal Reserve will cut interest rates for the fourth time this year.

Investors are anticipating later today the release of the important US data for the manufacturing sector, which is one of the most important sectors in the US.

The US manufacturing PMI reading for November will be released later today, with forecasts to 52.2 points in line with the preliminary reading, in addition to the ISM manufacturing PMI reading, which is expected to reach 49.2 in November vs. 48.3 in October.

European stocks rose on morning sessions on Monday, poised to post first daily gains in 3 days, amid improved risk-appetite after upbeat China's factories data that eased market's fears about the Chinese economy slowdown.

Stoxx Europe 600 rose by 0.2% as of 10:55 GMT, while it closed lowe by 0.4% on Friday, its second straight daily loss on the continue profit-taking from a 4-year high hit earlier in the week. 

During last week, the index gained 1.1%, to resume weekly gains after taking a pause in the previous week, lifted by positive news about the US-China trade talks.

The index opened today's session higher, poised to post first daily gains in 3 days after taking a pause for 2 days, with most of the major European exchanges and sectors rising today.

On the latest signs about the recovery of the Chinese domestic demand thanks to the government's stimulus measures, the manufacturing sector grew to 51.8 points in November,, higher than forecasts of 51.5, and also higher than October's reading of 51.7.

Most traders are mostly focused on global trade developments, amid the US and China attempts to reach what is known as the "phase one" trade deal.

Markets were expecting an agreement between the two sides to avert the US upcoming 15% tariffs hike on Chinese imports worth $156 billion, which is due December 15.

The two countries have not come to any agreement on the interim trade deal between them, as Beijing insists on a complete tariffs rollback by the US as part of any agreement.

S&P 500 futures rose by 0.1% today, to hit its all-time high ahead of Wall Street opening, wile it closed lower by 0.4% on Friday, its first daily loss in 5 days on profit-taking from the record high of 3,154.26 points.

Back to Europe, the Euro Stoxx 50 index rose by 0.2%, the German DAX added 0.4%, and France's CAC 40 rose by 0.1%, and in London, the FTSE 100 gained 0.2%

Oil prices gained more than 2% during the European session on Monday, to recover from a 1-week low hit on Friday, lifted by upbeat Chinese manufacturing activity data for November, and hints that OPEC Plus are considering to deepen the output cut agreement during the next meeting this week.

West Texas Intermediate (WTI) rose by 2.6% to $56.65, after opening at $55.22, with a session-low $55.64, and Brent rose by 2.1% to $62.04 a barrel, after opening at $60.74, with a low of $60.73.

WTI closed lower by 5.2% on Friday, marking its largest daily loss since Aug.1 and a 1-week low of $55.04, and Brent futures shed 4% the largest daily loss since Sept.30 and posted a 1-week low of $60.38.

The sharp drop came due to mounting tensions between the US and China, which could escalate the ongoing raging trade war between the two sides.

Global oil prices gained an average of 2.75% during November, posting the first monthly gain since June.

On the latest signs about the recovery of the Chinese domestic demand thanks to the government's stimulus measures, the manufacturing sector grew to 51.8 points in November,, higher than forecasts of 51.5, and also higher than October's reading of 51.7.

The reading is the highest since December 2016 for the Chinese manufacturing sector, a positive sign for improved economic growth and the the recovery of the world's largest oil importer.

The Iraq's oil minister said on Sunday that OPEC and allied oil producers (OPEC+) will consider extending their production cut agreement by about 400,000 barrels per day to 1.6 million bpd.

OPEC's next meeting is due December 5 at the headquarters in Vienna, and will be followed by talks with the allied oil producers led by Russia.

This global coalition is currently implementing an output cut agreement by about 1.2 million bpd until March 2020, which is aimed at balancing the market and oil prices.

Gold prices fell during the European session on Monday, to head for the first daily loss in 3 days, on profit-taking from a 1-week high, as the US dollar rebounds against a basket of currencies, in addition to subdued safe-haven demand after upbeat Chinese data.

Gold prices fell by 0.7% to $1,453.94 an ounce, after opening at $1,464.24, with a session-high of $1,464.25.

The yellow metal rose by 0.6% on Friday, its second straight daily gain and hit a 1-week high of $1,466.56, due to a retreat in the US dollar against a basket of currencies.

During November, gold prices lost 3.25%, posting its second monthly loss in 3 months, on a strong dollar and weak safe-haven demand.

The US dollar rose by 0.1% against its rivals on Monday, to resume its gains after taking a pause on Friday on profit-taking from a 6-week high, reflecting its recovery against a basket of currencies, which dampens demand on gold and other dollar-denominated metals.

The Chinese manufacturing sector grew to 51.8 points in November, the highest level since December 2016, higher than forecasts of 51.5, which is a positive sign on the recovery of the world's second largest economy.

Gold holdings at the SPDR Gold Trust, fell by 0.88 metric tonnes on Friday, with a total of 895.6 mt (the lowest since Nov.18).