The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday and its president, Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone's recovery to take firm hold.
A once-in-a-lifetime opportunity for euro zone governments to borrow for half a century or more at rock-bottom interest rates might be coming to an end.
Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter.
Overcoming years of poor health and crisis, the euro zone economy grew at its fastest pace in five years in the first quarter, driven by unlikely stars such as France and Spain.
Relative calm returned to world markets on Friday after a week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold.
Global markets have been in turmoil since the start of the year, with stocks and commodities prices reeling, eroding inflation and making central banks increasingly dovish - a trend that could cont
European shares reversed early losses on Monday and the safe-haven yen fell against the dollar with analysts seeing no long-term economic impact from Friday's attacks in Paris.
Euro zone private business growth remained tepid last month but activity in China's services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy.
