Here is your round-up of the financial news from around the world:
1. European stocks are open mixed with investors focused on strong first quarter economic data from Germany as the region's benchmark test multi-year highs
2. Germany's economy grew at the fastest rate in more than a year in the first quarter, the country's statistics office said Friday, as the engine room of the European recovery expands at a faster pace than both the U.S. and U.K.
3. Vincent Bollore, Chairman of Vivendi, has made a $2.6 billion takeover bid of Havas
4. Allianz AG (AZSEY) said cash flowed into its PIMCO asset management division at the fastest pace in four years in the first quarter as Europe's biggest insurance group posted stronger-than-expected earnings and reiterated its full-year outlook.
5. Investors seem prepared to end the week on a cautious note, with U.S. equity futures prices pointing to a 27 point, to 0.13, decline for the Dow Jones Industrial Average, following on from Thursday's 0.11% slip, with similar percentage declines forecast for the S&P 500 and the Nasdaq.
This article was written by a staff member of TheStreet.