US labour market conditions deteriorated in November, contrasting with the Fed's optimistic outlook given recent solid job gains.
German industrial output increased for a second consecutive month in October, a sign that a slow recovery in the Euro zone's number one economy is still in place.
Japan's economy contracted more than previously estimated, giving the government more reasons to proceed with the plan to delay the next sales tax hike and hold an early election.
Canada's labour market lost 10,700 jobs in November, the first time in three months, with part-time and private-sector jobs accounting for most of the losses and pushing the unemployment rate slightly higher.
The UK public have eased its short and medium-term inflation expectations as price pressures remain weak due to both external and internal factors.
Hiring in the world's number one economy accelerated, as American employers added the biggest number of workers in almost three years in October, the Bureau of Labor Statistics said, which could potentially bring the Fed closer to raising its interest rates.
The German Bundesbank has revised Germany's economic growth outlook for the next year downwards to 1%, exacerbating concerns the Euro zone's economy will continue to struggle.
While Australia sued to be among those central banks that were weighing on timing of first interest rates increase, now bets are mounting that slowdown in the Australian and global economy could prompt the RBA to cut interest rates over the next 12 months.
Australian retail sales exceeded expectations in October, but sharply fell from the preceding month, sending mixed signals on Australia's economy after worse-than-expected economic growth data earlier this week.
Canada's Ivey purchasing managers' index soared more than expected in November after the gauge fell to the lowest level in two months in October.
The Bank of England decided to keep its monetary policy highly accommodative amid soft data pointing the UK's economy has been cooling less than initially projected in the fourth quarter, as policy makers put more emphasis on risks stemming from low inflation as well as weak global economic outlook.
The number of people seeking unemployment benefits fell last week, reinforcing the view the labour market continued to improve.
Christmas did not come early this year, as the European Central Bank refrained from any bold measures or hints, keeping its interest rates at all-time low of 0.05%.
Australia's economy expanded markedly less than expected in the third quarter as commodity prices plunged and mining investment waned, increasing prospects the RBA will cut interest rates next year.
In line with market's expectations, the Bank of Canada kept its overnight rate target at 1%, highlighting downside risks to Canada's inflation outlook from plunging oil prices and temporary benefits from weaker Canadian Dollar.
Britain's services sector, the engine of the UK economy as it accounts for 78% of the nation's GDP, expanded at a faster than expected pace in November, alleviating concerns of slowing economic recovery in the UK.
US private sector created 208,000 jobs in November, against market expectations, but remained firmly above the 200,000 threshold for the sixth straight month.
A bunch of uneven economic data came out on Wednesday, as Euro zone retail sales rose in October, business activity in the region's services sector fell, while Greece rejected Troika's demand to raise taxes and cut incomes in the 2015 budget.
The Reserve Bank of Australia kept its interest rates unchanged at ultra-low level in an attempt to support the economy, which is hit by strong local currency and plunging export prices.
Yellow metal's price steadied around the key $1,200 level, due to a rise in oil prices.
Growth continued to ease in the British construction sector, with the corresponding reading of activity coming in at the weakest level in more than a year and clouding the country's economic outlook.
The Fed officials become more and more confident in the US economy that takes them closer to enter a critical phase in its seven-year combat with the financial crisis by lifting interest rates.
Spain continued to surprise markets and analysts, by posting positive fundamentals. Following Monday's better than expected manufacturing PMI data, the Ministry of Employment and Social Security reported on Tuesday that joblessness in the country dropped in November.
Activity in China's manufacturing sector slowed again, adding to recent signs an economic slowdown is deepening.