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U.S. economic activity unexpectedly jumped more than previously estimated in the third quarter, according to revised data released by the Commerce Department on Thursday. The report showed the surge in real gross domestic product in the third quarter was upwardly revised to 3.2 percent from the previously reported 2.9 percent.

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New Zealand posted a merchandise trade deficit of NZ$1.863 billion in November, Statistics New Zealand said on Wednesday.

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The manufacturing sector in Japan continued to contract in December, and at a faster pace, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 48.8.

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The manufacturing sector in Australia continued to expand in December, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 50.4.

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European Central Bank President Christine Lagarde said there will be more interest rate hikes in future, at a steady pace, as the euro area is expected to undergo a shallow recession and inflation in the single currency bloc is set to remain uncomfortably high for a long time.

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