Global Financial News: EU Unveils Its Plan for Brexit Negotiations

European markets were down on Friday as Europe sets out its Brexit negotiation plan and the dollar gains.
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Here is your round-up of the financial news from around the world:

1. The European Union unveiled its plan for Brexit negotiations on Friday. European Council President Donald Tusk set out a timeline for the divorce proceedings.

2. Michael Flynn, President Donald Trump's former security adviser, offered to testify at the investigation into Russian interference in the presidential election in exchange for immunity, his lawyer said late Thursday.

3. Investors looked to be pulling back on the final day of the first quarter, with Asia markets declining on Friday. Japanese shares wiped out their 2017 gains late on Friday with hefty losses in energy companies, consumer staples and the banks.

4. Chinese equities rose after an official factory gauge climbed to the highest in five years. The CSI 300 gained 0.38% to 3,449.71. The National Bureau of Statistics said Friday China's purchasing manager index came in at 51.8 in March, up from 51.6 in February. A reading above 50 signals growth in the sector.

READ MORE: European Benchmarks Weighed Down by Miner and Industrials