For the fourth months in a row the Bank of England policy makers remain split on interest rate hike, with two officials voting for an immediate rate increase, the November Monetary Policy Committee minutes showed.
The subdued pace of inflation is replacing jobless rate as the main reason the Fed is not ready to begin hiking interest rates, minutes of the latest FOMC meeting showed.
Euro zone's current account surplus rose to 30.0 billion euros in September compared with the upwardly revised 22.88 billion surplus in the previous month.
Japan's Prime Minister Shinzo Abe dissolved the parliament and called an early election as he sought to prolong his term and save his Abenomics policies as the country slipped into recession.
The Australian Dollar strengthened against its US counterpart even after minutes from the latest Reserve Bank of Australia's recent meeting showed policy makers' dissatisfaction with current levels of the nation's currency, reiterating it was still above the fundamental value.
Britain's inflation unexpectedly rose last month from the lowest level in five years as transport prices declined less than in the previous year.
US producer prices surprisingly inched higher in October, though underlying trend pointed to a subdued inflation that could foster the Fed to keep interest rates at ultra-low level a bit longer.
A gauge of German economic confidence rebounded, overshooting market expectations, fuelling hopes of an improvement in Europe's number one economy after it barely escaped recession in the third quarter.
Retail sales in New Zealand rose at a faster pace than expected, driven by supermarkets and grocery stores. Retail sales volume grew the most in more than two years, surging a seasonally adjusted 1.5% in the third quarter, up from a revised 1.1% in the preceding three month period.
Bank of England Governor Mark Carney and the Chief Economist, Andy Haldane, indicated that low inflation is the most serious problem facing the economy and they watch closely downside risks to inflation as the central bank emphasizes the reasons for keeping monetary policy loose.
Industrial production in the world's largest economy unexpectedly fell in October, dragged down by drops at utilities, mines and automakers, signalling manufacturing began the final quarter of the year on a soft footing.
German Bundesbank poured some cold water on recent positive fundamentals, by saying that Europe's number one economy is unlikely to regain steam this year following a tepid growth in the third quarter, given subdued global demand and lacklustre recovery in most European countries.
Bank lending in the world's second biggest economy declined sharply in October, while money supply growth slowed, fuelling concerns over a more dramatic slowdown in the Chinese economy and adding to signs that further stimulus measures are needed, including cutting interest rates.
Canada's manufacturing sales rebounded in September, recording the eighth gain in nine months, and following the negatively revised 3.5% drop in the preceding month.
Japan's economy unexpectedly contracted in the July-September quarter following a severe slowdown in the previous three-month period, reinforcing the view Prime Minister Shinzo Abe is likely to delay sales tax hike scheduled for the next year.
US retailers saw strong sales in October, a sign American consumers willingly opened their wallets, helping the nation's economy to expand robustly.
At last some positive news came out from the Eurozone, as Germany, Euro bloc's powerhouse, escaped recession, French growth beat expectations, while Euro zone's inflation ticked slightly higher.
Debates among Fed's hawks and doves are intensifying, as policy makers ponder when to start normalizing monetary policy in the world's biggest economy.
The Chinese economy continued to lose steam in October, with factory growth slowing and investment growth falling to a near the lowest level in 13 years, reinforcing the view China's government will have to take further steps to combat slackening growth.
Japan's Prime Minister Shinzo Abe is likely to delay the second sales tax and call a general election before the end of the year.
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.