Here is your round-up of the financial news from around the world:
1. Investors focus on currency markets and benchmark corporate earnings ahead of this weeks key labor market report from the United States
2. Adidas AG (ADDYY) posted first quarter earnings that were largely in-line with estimates Thursday and confirmed its full-year outlook as online sales and a revitalised Reebok brand put further pressure on U.S. rival Nike Inc. (NKE - Get Report)
3. HSBC Plc (HSBC) posted stronger-than-expected first quarter earnings Thursday but indicted it had no plans to either buyback shares or increase its dividend despite its strong capital base
4. The dollar index, a measure of the greenback's strength against a basket of six global currencies, gained 0.36% to trade at 99.06. The gains put pressure on both the euro and the pound, both of which fell below recent technical thresholds and to trade at 1.2876 and 1.0894 respectively.
5. Global oil markets continued to trade with a downward bias this week, with WTI futures falling 0.4% overnight to $44.64 after the U.S. Energy Information Administration published a smaller-than-expected 930,000-barrel drawdown in domestic crude inventories in the week ending April 28 and still sit at a near record 527.8 million.