German stocks fell on Friday while the dollar climbed after comments from three top Federal Reserve officials suggested that U.S. interest rates are likely to stay higher for longer.

Asian stocks ended mixed on Friday as China stimulus hopes offset interest-rate worries and mixed data from China.

Consumer electronics major Electrolux Group has reannounced its previous recall of Frigidaire and Kenmore electric ranges following multiple reports of fires and injuries. The recall involves about 203,000 units of Frigidaire and Kenmore Smooth-top Freestanding Electric Ranges, which were previously recalled in August 2009.

Malaysia's economy logged a stronger-than-estimated rebound in the first quarter on household spending and investment, the second estimate from the Department of Statistics showed on Friday. Gross domestic product grew by a revised 4.2 percent on a yearly basis in the first quarter, the fastest expansion since the first quarter of 2023.

Final inflation data from the euro area is the top economic news due on Friday, headlining a light day for the European economic news. At 2.30 am ET, Switzerland's Federal Statistical Office publishes quarterly industrial production data for the first quarter.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The crypto market is ready to grow further

Although Australian employment grew by 38.5k jobs, surpassing the consensus expectation of 23.7k, the labour market report's details were disappointing for several reasons.

EUR/USD has risen approximately 1% this week due to a decline in the dollar, although the euro is trailing behind other pro-cyclical currencies in the G10, excluding the US data-sensitive CAD. This isn't unexpected, as the euro has the weakest three-month correlation with two-year USD swap rates, which previously insulated it from significant upward adjustments in Fed expectations.

euro traders are keenly awaiting today's CPI reading to gauge the euro's price movement amid softening U.S. dollar.

GBP/USD dipped 0.1%, Bitcoin dropped 1.2%, oil gained 0.4%, and AUD/USD fell 0.3%. Venture capital funding is rising, Aquarius launched a $600M liquidity fund, and crude prices rose. Key economic releases include US Oil Rig Count and various HICP and CFTC data.