China led Asian stocks down, on the back of its disappointing data. Chinese industrial profits fell 4.6% y\y in October, the fifth straight month of decline, leading Chinese index CSI300 for biggest companies in Shanghai and Shenzhen to a three-week low at 3,676 with a hefty 2.21% loss, in line for a weekly loss of 2.46%. Japan's Nikkei lost 0.42%, ending the week flat. Australia's S&P\ASX 200 slid 0.16%, with a weekly loss of 1.03%. Korea's KOSPI slipped 0.11%, with a 1.96% weekly profit. India's Nifty bucked the trend however, advancing 0.65% for the day, in line for a weekly gain of 1.43%.

Dollar remained in thin holiday-trading mood, with its index up 0.02% to 99.89, with a 0.27% weekly profit. Dollar was flat against Euro at 1.0610, while trading up 0.09% against sterling at 1.5091.

Japan's unemployment rate fell to a two-decade low, coming at 3.1% in October, which is the lowest since 1995. In other contradicting news however, Japanese household spending fell for the second month in a row by 2.4% y\y in October, against expectations of a 0.1% rise. Yen didn't show any reactions for the data, inching up 0.02% against the dollar to 122.55. It edged up against Euro to 130.02, near a seven-month high reached on Wednesday. Yen advanced 0.12% against sterling to 184.87.

Oil futures fell for the second day, with Brent futures for December tumbling 30 cents, or 0.66% to $45.33 a barrel. U.S. crude futures lost 54 cents, or 1.27% to $42.50 a barrel.

Copper futures snapped their winning streak, edging down $0.001, or 0.07% to $2.089 a pound, but registering a weekly profit of 1.75%. Gold futures lost $2.60, or 0.24% to $1,067.40 an ounce, while Silver futures gave up 7 cents, or 0.52% to $14.08 an ounce.

From the Eurozone, French consumer spending is forecast to have grown 0.2% m\m in October, while Spanish flash CPI is forecast to have fallen 0.5% y\y in November. The European central bank is widely expected to ease policy further next week regardless of the results however, so Euro is expected to remain under tense pressure.

From U.K., second estimate for third quarter GDP growth is forecast at 0.5% q\q, same as the preliminary estimate; a higher growth estimate would help sterling gain some ground.