The number of Americans applying for unemployment benefits unexpectedly declined last week, reinforcing the view the labour market continued to strengthen.
Growth and inflation risks are mounting in the Euro zone, the minutes of the European Central Bank's January meeting showed, and some policy makers are arguing for the need to act pre-emptively in the face of new threats.
Australia's labour market softened in the beginning of the year, since the unemployment rate unexpectedly jumped in January as full-time employment declined the most since 2013.
The UK unemployment rate failed to decline as economists had expected and remained unchanged at a decade low in the final quarter of 2015, despite the number of people applying for unemployment benefits plunged to the lowest level in 40 years.
China's consumer prices rose at the strongest rate in five months in January after vegetable prices increased in the run-up to the Chinese New Year.
Policy makers of the Federal Open Market Committee saw growing uncertainty over the outlook for inflation and growth, according to minutes of the January meeting, when the key lending rate was kept unchanged.
Japan's core machinery orders rebounded in December, despite mounting uncertainty over the global economy.
Canada's manufacturing sales rose more than expected in December, bolstering monthly GDP expectations.
Britain's inflation climbed to the highest level in a year in January as an increase in alcohol and clothing prices pushed up the cost of living.
German investor confidence declined to the lowest level since October 2014 as equities plunged amid slowing China's economic growth and worries over the profitability of Euro zone lenders.
New Zealand retail sales volume rose less than expected in the final three months of 2015, as a decline in motor vehicle sales offset gains in hardware supplies.
The Reserve Bank of Australia continues to monitor closely developments in global markets and stands ready to lower interest rates further if the economy requires additional support.
The European Central Bank President Mario Draghi said the central bank "is ready to do it part" in March if the financial market volatility or the pass-through effect of low oil prices reduces inflation expectations.
China's trade shrank significantly more than economists had predicted in January, as the world's second biggest economy continued to suffer from sluggish global demand and a slowdown at home.
Japan's economy shrank in the final quarter of 2015 despite of more than three years of Abenomics programme aimed at rejuvenating the world's third biggest economy.
US retail sales climbed slightly in January, rising for the third consecutive month, evidence that Americans kept shopping despite steep declines in equity prices.
A December decline in Euro zone industrial production dragged economic growth in the currency bloc down, adding to arguments for further monetary easing.
While addressing Congress, Fed Chair Janet Yellen said that the central bank is unlikely to reverse its plan to hike interest rates further this year.
Testifying before the House of Representatives Economics Committee, RBA Governor Glenn Stevens said that the Australian economy continued to grow at a sub-trend pace, but a weaker Aussie Dollar and easy monetary policy is supporting growth.
During the second-day testimony to Congress Fed Chairwoman Janet Yellen stressed that the US central bank was not on a "pre-set" path to normalize the monetary policy amid deteriorating meltdown in global equity markets.
Britain's industrial production dropped more than expected in the fourth quarter as the manufacturing sector continued to drag down the UK's economy.
While addressing Congress, Fed Chair Janet Yellen said that the central bank is unlikely to reverse its plan to hike interest rates further this year.
Industrial production data from France and Italy disappointed. French industrial output dropped 1.6% in December, following a negative reading in November.
Australia's business confidence held up in light of the ongoing turmoil on financial markets around the world.