US labor costs registered their biggest increase since 2007 in the Q1 as the labor market was close to full employment amid strong wage growth.
The US gross domestic product rose 0.7% year-over-year in the first quarter, the weakest pace in the last three years, preliminary report showed on Friday.
The Consumer Price Index in the Euro zone rose 1.9% in April, surpassing a 1.8% increase forecast, according to official preliminary data.
On Friday, 93% of the Goldman Sachs Group shareholders approved the bank's compensation executive plan at the company's annual meeting after the CEO Lloyd Blankfein's pay structure was simplified.
The ONS reported on Friday that the British economy expanded at a 0.3% rate in the Q1, compared to the preceding quarter's 0.7% rate, while analysts anticipated a 0.4% pace.
On Friday, Germany rejected calls to end the Turkey bid to join the EU, despite the European states' opinions that Turkey had already blocked the road to the EU after voting for Tayyip Erdogan to grant new powers.
The buyout firm Apollo reported its quarterly earnings on Friday, beating the market expectations amid strong gains supported by a stock market rally in private equity funds.
Apple is eager to stop paying royalties to the Qualcomm manufacturers for the 2017 quarterly sales made that resulted in Qualcomm's shares 4.3% drop to $50.91 ahead of the North American trading session.
The US oil refiner Phillips 66 posted strong quarterly results showing its profit surged 39% amid a $423M one-time gain from the petroleum coking venture consolidation.
On Friday, the Brazilian unions staged out nationwide protests over the President Michel Temer's attempts to cut social security benefits and ease labour law.
Tesla had to dismiss its executive Klaus Grohmann amid the conflict with the company's CEO Elon Musk as two officials were completely divided in opinion over the Grohmann firm strategy.
China's Court sentenced a former Baoshan Iron and Steel senior official Ai Baojun to 17 years in prison for graft and bribery as he amassed over $5.8M in assets by using his position.
Pope Francis intends to forge relations with the Islamic religious leaders during his visit to Cairo as the ancient Christian community of Egypt faces pressure from the IS insurgents.
James von Moltke is expected to become a new Deutsche Bank finance chief and replace its predecessor Marcus Schenck who will be named as the investment bank co-head.
On Friday, Honda Motor reported it forecast a 16.1% drop in its operating profit for the 2017 fiscal year amid stronger yen expected and company's pension plan changes.
Sony expressed its hopes on Friday over the operating profit to surge 73.2% in the fiscal year as the company recovered from the earthquake aftermaths that suspended its main plant in Japan.
On Friday, the PM of Hungary Viktor Orban announced the second border fence with Serbia was finished and would manage to stop any flow of migrants.
The Foreign Minister of China Wang Yi imparted his apprehensions to the key Russian diplomat that the Korea peninsula situation may get beyond the control.
World's tech companies are trying to outstrip each other in developing of the artificial intelligence software so it could automatically detect and block any violent videos of murders before got spread on social media.
The US refiners finished the maintenance season hoping that major exports from South America and Mexico would help facilitate the huge product inventories as the summer driving season approaches.
On Friday, Rex Tillerson, the US Secretary of State, is expected to prompt the UN Security Council to impose stricter sanctions on North Korea if it continues to provoke the world further by executing more ballistic missile tests.
According to congressional aides, the White House leaders had decided to avoid voting on the healthcare system renewal this week,due to a failure to get the necessary support.
On Friday, prices for oil edged higher, amid OPEC's statement that it is determined to find a solution for the oversupply. However, the price rebound was insufficient to avoid a two-week loss.
Japan's manufacturing output declined 2.1% in March, compared to 0.8% fall forecast, as car and electronics makers cut production.