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In another troubling sign for the U.S. manufacturing sector, the Commerce Department released a report on Wednesday showing a much bigger than expected drop in new orders for manufactured durable goods in the month of March. The report showed that durable goods orders tumbled by 5.7 percent in March following a revised 4.3 percent increase in February.

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In another troubling sign for the manufacturing sector, the Commerce Department released a report on Wednesday showing a much bigger than expected drop in new orders for manufactured durable goods in the month of March.

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South Korea's economy expanded at the fastest pace in two years in the first quarter of 2013, despite a continued slide in Japanese yen hurting the country's export sector, advance estimates from Bank of Korea showed Thursday. The seasonally adjusted gross domestic product rose 0.9 percent quarter-on-quarter in the first quarter, accelerating from a 0.3 percent gain in the fourth quarter of 2012.

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First-time claims for U.S. unemployment benefits fell by more than expected in the week ended April 20th, according to a report released by the Labor Department on Thursday. The report showed that initial jobless claims fell to 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000.

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First-time claims for U.S. unemployment benefits fell by more than expected in the week ended April 20th, according to a report released by the Labor Department on Thursday.

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Japan's central bank on Friday unanimously decided to keep its monetary policy unchanged and indicated that inflation may reach its 2 percent target in 2015, though economic activity may start recovering by the middle of this year. The decision to double the monetary base by end-2014 was taken at the previous Policy Board meeting that took place earlier this month.

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New Zealand's trade surplus increased more than expected in March as overseas shipments exceeded forecasts despite strong currency hindering exporters' earnings, data from Statistics New Zealand revealed Friday. Data also showed that China overtook Australia as New Zealand's top export destination for the first time in the March quarter of 2013.

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The Spanish government on Friday downgraded its economic forecasts and now sees a wider economic contraction for this year as it struggles with severe recession and harsh austerity.

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Properties in London were sold at the fastest pace since 2007 in April, while house price growth across the U.K. and capital city remained at three-year high, a survey by Hometrack revealed Monday. London homes stayed on the market for an average of 4.6 weeks this month, the least since October 2007, the survey found. At the same time, demand continued to outpace supply of properties.

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Eurozone economic confidence declined more than expected in April, reflecting broad-based weakness across sub-components excluding consumer sentiment, intensifying pressure on the central bank to cut rates. The economic sentiment index eased to 88.6, a four-month low, from a revised 90.1 a month ago, survey results published by the European Commission showed Monday.

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