The European Central Bank has kept its key rate unchanged at 1 per cent on Wednesday, despite worsening economic outlook in Eurozone.
Japanese shares closed in green on Tuesday on signs stocks were oversold.
Swiss stocks edged higher on Tuesday.
U.K. banks were closed on Tuesday in observance of the Spring Bank Holiday.
U.S. service sector expanded in May, a sign the largest part of the U.S. economy is weathering the debt crisis in Europe. The Institute for Supply Management's non-manufacturing index rose to 53.7 last month from 53.5 in April, said the group on Tuesday. Reading above 50.0 indicates industry expansion.
Eurozone services and manufacturing output contracted in May, adding to signs the economy is worsening. A composite index measuring activity in both industries declined to 46 from 46.7 in April, said Markit Economics on Tuesday.
Japanese stocks fell on Monday after a report showed unemployment in the U.S. rose.
Swiss stocks extended losses on Monday.
U.K. banks were closed on Monday in observance of the Spring Bank Holiday.
U.S. factory orders unexpectedly declined for a second consecutive month in April, pointing to a deceleration in manufacturing. Bookings retreated 0.6 per cent, Commerce department data showed on Monday.
German Chancellor Angela Merkel is pressing for a central authority to control euro area finances, or so-called European finance ministry, and major new powers for the European Commission, European Parliament and European Court of Justice.
Japanese stocks extended losses on Friday after China's and U.S. economic data came out worse than economists had forecasted.
Swiss stocks closed lower on Friday.
U.K. manufacturing sector contracted in May, Markit data showed on Friday. The manufacturing purchasing managers' index slid to 45.9 from 50.2 in April. A reading below 50 signals contraction.
U.S. manufacturing sector grew at a slower pace in May, compared to April, as factories tempered production. The Institute for Supply Management's manufacturing index declined to 53.5 from 54.8 in April, the group said on Friday.
Unemployment in the Euro zone rose to the highest level in April amid deepening economic slump in the region. The jobless rate stood still at 11 per cent, unchanged from March, said the European Union's statistics office on Friday.
Japanese stocks retreated on Thursday amid concern Greece will exit the Eurozone and as the Yen rose.
Swiss stocks extended losses on Thursday after a report showed U.S. unemployment claims rose by more than economists forecast.
U.K. house prices rose 0.3 per cent to £166,022 in May, the first increase in three months, said the Nationwide Building Society on Thursday.
The number of Americans claiming for unemployment benefits jumped to 383,000 in the week ended May 26 from 373,000 the week before, said the Department of Labor on Thursday.
Inflation in the Eurozone slowed by more than economists forecast, adding to signs the economic slump is deepening. Year-on-year consumer price index rose by 2.4 per cent, the least in more than a year.
Japanese stocks lost ground on Wednesday on debt crisis contagion concerns.
Swiss stocks erased previous day's gains on Wednesday after a report showed U.S. pending home sales fell by more than expected and Spanish borrowing costs rose.
Number of approved mortgages in the U.K. rose in April boosted by record low interest rates. Mortgage approvals increased to 51,823 in April, the highest level since January, up from 51,067 in March, Bank of England data showed.