Bank of England Deputy Governor Ben Broadbent said that productivity remained weak in the UK in the second quarter and there are modest signs of productivity pick-up in the economy, which should consequently result in levels of real pay rising gradually.
In contrast to hawkish member of the Fed, who call for interest rate hike sooner than mid-2015, to ensure a gradual increase of rates as fundamentals strengthen, rather than face the potential of a more abrupt lift in rates to catch up with market forces, New York Fed President William Dudley said it is still too early to raise interest
The German economy managed to escape a technical recession in the third quarter, as private consumption as well as trade propped up a modest growth, according to the nation's Economy Ministry.
The New Zealand Dollar strengthened following the Reserve Bank of New Zealand's stability report, which reiterated that the central bank is still in a tightening cycle and will proceed with hiking interest rates.
A gauge of consumer confidence in Australia increased for a second consecutive month in November as households became more upbeat on the economic outlook and their own finances.
The Bank of England cut its near-term inflation projections, but stressed that it expects inflation to return to the central bank's official target by the end of the three-year forecast period.
Applications for American home mortgages declined last week as interest rate climbed, according to the Mortgage Bankers Association.
The German economy rebounded in the three months through September following a contraction in the preceding quarter, with the economy heading towards regaining upwards momentum, according to the Economy Ministry's monthly report.
As a December deadline approaches for deciding whether to go ahead with the second tax rise, Japan Prime Minister Shinzo Abe is seen to postpone a planned sales tax hike as economic recovery of the world's third biggest economy remains fragile to withstand another blow.
Business confidence in Australia continued to deteriorate in October, though operating conditions improved, according to National Australia Bank.
Retail sales in the UK rebounded slightly in October following a sharp decline a month earlier, led by consumers' purchases of big-ticket items including furniture.
Charles Plosser, outgoing Philadelphia Fed president, said that given US unemployment rate continues to fall, near-zero interest rates are too low and there is no reason to keep them at the crisis-era levels even though inflation is running below the Fed's official target.
Canada housing starts declined more than expected in October, falling to the lowest level in seven months, due to less construction of multiple-unit homes including condominiums.
Consumer price index in the world's second biggest economy remained unchanged in October of this year. The inflation level stayed at the 1.6% on the annual basis and showed no movement month-on-month.
Consumer confidence in Japan, the world's third biggest economy, declined for a third consecutive month in October, according to Cabinet Office, as consumers fear that the nation's first sales tax hike in almost two decades, which was implemented in April, is hitting their spending power.
The US labour market strengthened in October, the Fed's broad-based barometer showed.
Manufacturing production in Italy, the third-biggest economy of the single currency area, slipped more than estimated by 0.9% in September, meaning that the Italian economy is struggling to gain stable growth momentum based on recovery of the production sector.
According to the latest Monetary Policy Statement, the Reserve Bank of Australia expected gross domestic product growth to be below trend until mid-2015, leaving its economic growth outlook largely intact, and noted that the recent declines in the local currency over the past few months is likely boost GDP marginally.
The unemployment rate in Switzerland remained unchanged, the latest data from the State Secretariat for Economic Affairs revealed.
Britain's trade deficit widened more than expected in September amid increasing oil imports and weak export growth to the European Union.
American labour market continued to improve in October, as both non-farm payrolls rose and unemployment rate dropped further.
Germany posted some positive fundamentals at the end if the trading week, as the nation's industrial production rebounded in September following a decline in the preceding month, while trade surplus widened.
The European Commission cut is Euro zone growth outlook, saying the region's economy would expand 0.8% this year, 1.1% next year and 1.7% in 2016.
Although, Australia's job market rebounded in October, the nation's unemployment rate remained steady at 6.2%, at an almost twelve-year high, a sign many businesses are reluctant to hire amid uncertain economic environment and that RBA will keep interest rates at record low for a while.