During their trade talks, the United States demanded China to reduce its trade surplus with the US by $200B, as well as lower tariffs and subsidies for advanced technologies.
John Williams, the Fed President of San Francisco, stated that the Central Bank should continue to hike interest rates gradually, while no sharp rise in inflation is anticipated.
Apple's stock reached an all-time high after Berkshire Hathaway owned by Warren Buffet disclosed it bought 75M more share of Apple in the first three-month period of 2018.
Oil prices grew nearly 2% on Friday, as the US crude hit the highest level since 2014, as markets awaited details about the new US sanctions on Iran, while global supplies were still tight.
The world's biggest coffee company Nestle was close to deal with Starbucks for the part of the company's business, which sells drinks and bagged coffee in supermarkets.
The US unemployment rate dropped to the lowest level in a more than 17 years of 3.9%, as some out-of-work citizens left the labour force.
The US Non-Farm Payrolls added 164K positions last month, following an upwardly revised gain of 135K jobs in the prior month, the Labour Department reported.
France was against the EU entering into trade talks with the US on metal tariffs, a French official stated, adding that the exemption should be permanent.
The US industrial and aerospace company United Technologies Corp gained EU antitrust approval for its $23B bid for Rockwell Collins, the avionics maker.
China posted a $28.2B current account deficit in the March quarter of 2018, the country's FX regulator stated in the prelimnary report.
Retail sales in the Euro Zone grew less than anticipated 0.1% in March, following a 0.3% rise in the prior month, industry data revealed.
Western Europe's car sales increased 9.1% in the month of April compared to the same month year ago, supported by the timing of Easter holiday, the LMC report showed.
The French Ministry for the Economy and Finance rreported that the country's trade deficit widened in March due to a slump in aircraft sales.
On Friday, European bank stocks were the ones slowing down the rebound of European stock indexes.
The activist fund Elliot has managed to secure two thirds of Telecom Italia's board members. This achievement was gained during the Friday's shareholder vote.
The Chief Executive Office of Tesla on Friday announced that the cut off analysts were searching for a justification to short the company's stock, and that is why they were cut off.
The Prime Minister of the United Kingdom on Friday avoided a complete wipe-out of her party in the London's local election.
The Chinese conglomerate's Alibaba earnings have grown by sixty one percent in the last quarter. This announcement caused a four percent surge of the company's stock price pre-market.
The representatives of the United States are planning to argue for higher global lending rates at the Asian Development Bank's meeting planned for this weekend.
According to the Al-Ahram newspaper, the government of Egypt is considering possibility of sending Arab troops to Syria whose task would be to replace the US contingent.
According to initiative proposed by Crown Prince Mohammed bin Salman, Saudi Arabia will spend $13.33B in next three years on various educational, sports, health and entertainment projects.
According to the Xinhua news agency, China and the United States managed to reach agreement on some issues, such as trade in telecommunication sector, but discrepancy over other problems still remains "relatively big".
Manuela Veloso, the head of machine learning department at Carnegie Mellon University, was selected on Friday to manage JPMorgan Chase & Co artificial intelligence research.
The US Justice Department filed criminal charges on Friday against former CEO of Volkswagen Martin Winterkorn, incriminating him conspiracy over diesel emissions cheating.