The European Central Bank's quantitative easing programme requires time to produce the desired results, namely to underpin price growth in the Euro zone, said Christian Noyer, an outgoing member of the ECB's governing council.
Australian consumer prices climbed at a weaker pace than expected in the third quarter, opening door to interest rate cut and sending the Aussie Dollar steeply lower.
The British economy expanded less than expected in the three months to September after the largest drop in construction in the last three years and weaker manufacturing output, according to the preliminary data by the Office of National Statistics.
US orders for big-tickets goods such as heavy machinery or airplanes dropped in September for the second consecutive month. According to the Commerce Department, orders for long-lasting products declined 1.2% last month following a revised 3.0% decrease in August.
The European Central Bank may need to deploy additional measures to underpin prices, as inflation failed to recover as fast as policy makers has anticipated, Executive Board member Benoit Coeure said.
New Zealand's trade deficit unexpectedly widened in September as dairy exports dropped, whereas imports remained stronger than predicted.
A stronger Pound coupled with sluggish overseas demand continued to weigh on the UK manufacturing sector and exports. The UK factories production dropped in the three months to October for the first time in last two years.
Newly built home sales, which make up 7.8% of the housing market, dropped to near a one-year low last month following two consecutive months of gains.
Sentiment among German investors declined less than expected in October, while sentiment in the automotive industry even improved, despite the emissions scandal at Volkswagen and slowdown in the emerging markets.
Canada's inflation cooled more than expected in September amid a steep fall in gasoline prices.
The People Bank of China cut interest rates for the sixth time in less than a year, and it lowered the amount of cash that banks must hold as reserves in an attempt to kick-start growth in its slowing economy.
While a hike of the UK's ultra-low interest rates is not certain, households should be ready for higher borrowing costs, Bank of England Governor Mark Carney said.
US manufacturing activity unexpectedly rose to the highest level in five month in October, suggesting possible improvement in the sector, which is suffering from a strong US Dollar and sluggish global demand.
Activity in the Euro zone's manufacturing sector grew at the same pace as in September, with mixed data coming from the region's biggest economies, Germany and France.
The European Central Bank maintained interest rates unchanged at a record low 0.05% and kept the deposit rate and marginal lending rate at –0.2% and 0.3%, respectively.
Canada's retail sales data surprised to the upside, posting better than expected numbers in August.
Retail sales in the UK surged much more than expected in September, fuelling optimism over the country's economic outlook and supporting the case for an interest rate hike.
The number of Americans seeking unemployment benefits rose less than expected last week, but the figure remained at a historically low level.
The European Central Bank maintained interest rates unchanged at a record low 0.05% and kept the deposit rate and marginal lending rate at –0.2% and 0.3%, respectively.
Australian business confidence deteriorated last quarter, while business conditions and investment intentions improved, the National Australia Bank data showed.
The Bank of Canada left its key overnight lending rate unchanged at 0.5% after cutting it twice this year, saying that nation's economy rebounded as predicted in July.
Japan's trade deficit narrowed in September as petroleum imports continued to fall due to weaker global oil prices, while exports climbed at a soft pace.
The value of Canada's wholesale trade unexpectedly declined in August as sales dropped in sectors including machinery and motor vehicles, Statistics Canada reported.
The BoE's Monetary Policy Committee voting member Ian McCafferty urged the central bank to raise interest rates now if it intends to keep further rate increases smooth and steady to minimise the disruption to consumers and businesses.