The malaise in eurozone manufacturing activity worsened last month on the back of anaemic demand despite price cuts at the factory gate, with companies axing more jobs as a result, a survey showed on Thursday.
There were further signs that the eurozone was starting to turn a corner as inflation held steady at 2.4% and the single currency economy avoided recession in the first quarter of the year.
Turkey's central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
The Bank of England's chief economist, Huw Pill, said on Tuesday that rate cuts were still "some way off".
Economic sentiment in the eurozone showed signs of improvement with a closely watched survey showing businesses were becoming more upbeat about future prospects.
The Turkish central bank announced on Thursday that it was lifting its policy rate to 50% from 45% in a surprise move.
UK inflation eased a little more than expected in February, according to figures released on Wednesday by the Office for National Statistics.
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Private sector employment in the US rose less than expected in February, according to figures released on Wednesday by ADP.
China revealed its growth target for 2024 overnight on Tuesday, aiming for a GDP rise of "around 5%", as per the Government Work Report released during the annual National People's Congress.
Growth in China's services sector slowed in February, according to a survey released on Tuesday.
