Malaysia’s economy experienced a 4.4% growth in the first quarter of 2025, compared to the same period a year earlier.

Japan’s economy shrank much more than expected in the first quarter of 2025, as the country’s key exports slid amid tariff-related disruptions in global trade, while private consumption remained weak. 

Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.

U.S. business inventories rose less than expected in March as robust sales growth at retailers depleted stocks there.

The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. economic data this week cemented bets of more Federal Reserve rate cuts this year.

Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump’s "Liberation Day" tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the United States than they buy.