A bunch of worse than expected data was released in the US. Consumer prices unexpectedly declined in December amid drops in food and energy prices.
The UK unemployment rate unexpectedly declined to the lowest level in almost a decade, while wage growth slowed less than predicted as the labour market continued to improve.
Germany's producer prices dropped more than expected in December amid a steep decline in energy prices.
New Zealand inflation slowed more than expected in the final quarter of 2015, as declining gasoline prices pushed annual price growth to the lowest level since September 1999.
China's industrial production and retail sales data disappointed in the last month of 2015.
The British inflation climbed to the highest level in eleven months, with transport costs, mainly air fares and petrol being the main contributor to the rise.
Investor confidence in Germany declined in January for the first time in three months amid a turbulent start to the year for global equity markets triggered by concerns about China's economic outlook.
China's economy grew at the slowest pace in 25 years in 2015, increasing pressure on Beijing to act to address concerns of prolonged slowdown in the world's second biggest economy.
The Bank of England newest rate-setter Gertjan Vlieghe hinted that interest rates may remain lower for longer or even be cut if a slowdown in Britain's economy intensifies.
French President Francois Hollande declared "a state of economic emergency" to combat persistently high unemployment rate and increase his chances of re-election next year.
Industrial production of Japan's mines, manufacturers and utilities dropped on month in November, a revised data from the Ministry of Economy, Trade and Industry showed.
The UK construction output unexpectedly dropped in November, experiencing the biggest decline since May 2013, adding to signs that the nation's economy may struggle to gather steam after a mid-year slowdown.
American shoppers curbed their spending last month, fuelling concerns about the momentum in consumer spending heading into 2016.
The Bank of England remained split eight-to-one on interest rate decision in January.
The number of Americans applying for unemployment benefits unexpectedly jumped last week, a sign labour market momentum may be starting to wane.
The German economy, the Euro zone's pride, which is the only one in the currency bloc that has registered consistent growth since the financial crisis, grew by 1.7% last year, as robust domestic consumption and booming exports to the US helped to offset headwinds from Greece and other export markets.
Australia's unemployment rate remained steady at 5.8% even as employment declined last month following two months of strong growth.
Japan's core machinery orders plunged the most in 18 months in November following strong increases in previous months, adding to uncertainty over the outlook as domestic demand remains sluggish, while China's downturn dims global growth prospects.
The Euro zone industrial production dropped sharply in November, while there was also evidence that weaker demand for exports from China and other developing countries are restraining the currency bloc's fragile economic recovery.
China's trade surplus swelled, as exports increased for the first time in six months, while imports dropped for the 14th straight month.
Bank of Japan Governor Haruhiko Kuroda said the BoJ should "act decisively" to eradicate deflationary mind-set in Japan, adding to recent comments which underscore the central bank's preparedness to deploy additional stimulus if necessary.
UK manufacturing and industrial production both dropped unexpectedly in November, according to the Office for National Statistics.
The US labour market continued to tighten as job openings rose, while the quits rate remained steady, supporting the Fed on the path to normalizing monetary policy.
The European Central Bank has tools and capacity to act further if needed, as inflation remains stubbornly below target, Governing Council member Francois Villeroy De Galhau said.