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Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.

Economists polled by Reuters expected 0.2% growth following the bloc's 0.3% expansion in the second quarter.

Consumers grew more optimistic heading into the contentious presidential election even as job openings hit multi-year lows.

. If current trends hold, the new wealth created by generative AI alone will increase the racial wealth gap by $43 billion annually, according to McKinsey.

Thousands of financiers, founders and investors are set to descend on the Saudi capital of Riyadh for the eighth edition of the kingdom's Future Investment Initiative.

German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation.

Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.

Investors have been awaiting the gathering of the standing committee of the National People's Congress, watchful for details on any fiscal stimulus.