The ECB President Mario Draghi voiced another strong hint that the bank is ready to act decisively to combat weak inflation.
The US economy created fewer jobs in January than expected, but rising wages and the unemployment rate at an eight-year low signalled the labour market recovery remains strong.
Canada's unemployment rate rose to the highest level since December 2013, as the economy lost jobs in the agriculture and manufacturing sectors.
German factory orders declined more than expected in December amid a weak demand at home and in other Euro zone countries.
The Reserve Bank of Australia voiced a cautious optimism on the domestic economy in its quarterly update on monetary policy in light of global financial turmoil.
The Bank of England revised its economic growth forecasts due to a gloomier global outlook. Moreover, the lone policy maker who had voted for a rate hike in recent months unexpectedly changed his mind.
The number of Americans applying for unemployment benefits increased more than expected last week, signalling some loss of momentum in the labour market due to a steep economic slowdown and stock market rout.
The European Central Bank President Mario Draghi voiced another strong hint that the bank is ready to act decisively to combat weak inflation.
Activity in China's services sector rose to the highest level in six months in January, underscoring a growing divergence with the manufacturing sector that continues to falter and indicating that the government's measures is working in some parts of the economy.
The British dominant services sector continued to expand in January, albeit concerns about financial market turbulence and the possibility of "Brexit" pushed business morale to the lowest level in three years.
Even though the private sector hiring rose at a slower pace, the US private companies continued to add a robust number of jobs to the economy in January.
Businesses in the Euro zone began the year on a firmer footing than first estimated. Markit's final composite PMI rose to 53.6 in January, compared with the flash reading of 53.5 but weaker than December's 54.3.
Australia's trade deficit widened in December to an eight-month high, as mining exports declined sharply, suggesting net exports are likely to make a negative contribution to GDP in the fourth quarter.
The Reserve Bank of New Zealand tried to cool expectations of further cut of the official cash rate in light of low inflation, which currently stays around zero, saying "it would be inappropriate to attempt to offset the low oil price effect through the OCR".
Growth in the UK construction sector unexpectedly slowed in January to the weakest level in nine months following a short-lived recovery in December.
Bank of Japan Governor Haruhiko Kuroda said the BoJ has ample room to increase further monetary accommodation and is ready to cut interest rates deeper into negative territory.
The Euro zone's unemployment rate dropped to the lowest level in almost four years in December.
The Reserve Bank of Australia decided to maintain the official cash rate unchanged for the eight consecutive month, and remained sanguine about the domestic economy, with inflation close to the target.
British manufacturing sector improved more than expected in January, supported by a steep surge in output at large manufacturers, while exports dropped.
The US manufacturing sector shrank for a fourth consecutive month in January, while employment in the sector plunged to the lowest level in more than six years.
Growth in the Euro zone manufacturing sector eased in January. According to Markit, the Euro bloc's manufacturing PMI dropped to 52.3 last month, compared with 53.2 recorded in December.
The Canadian economy grew in November amid an increase in oil and gas extraction, as well as robust wholesale and retail trade, Statistics Canada reported.
Measures of China's manufacturing activity showed mixed results in January, with the official gauge falling further into negative territory, whereas the private reading strengthened.
The world's number one economy slowed sharply in the fourth quarter, stoking concerns about its momentum in 2016.