The yen's weakness and rise in US new home sales lift sentiments in Asian markets.
Investors await eurozone manufacturing activity data which is expected to decline in April.
China's April manufacturing PMI indicates disappointing growth in the first quarter.
China's lacklustre April manufacturing data follows a weaker-than-expected first-quarter GDP data.
Remittance flows to developing countries have more than quadrupled since 2000, according to the World Bank.
Asian markets end on a mixed note in the week due to volatile commodity prices and yen weakness.
Current account surplus rises to €16.3bn, above analysts' estimates of €14.5bn
European shares advance in early trade as they pare huge losses over the week.
Asian markets advance as commodity companies pared their losses after worst weekly decline since August.
European markets gain in opening minutes as investors closely watch Italian parliament's vote.
US overtakes China as Japan's biggest export destination as yen's decline helps Japanese exporters.
Asian markets open lower taking cues from declines in their US and Europe counterparts overnight.
Cypriot central bank has earlier denied reports of gold sale.
Wall Street's strong gains on positive economic data help European markets to open on a higher note.
Huge gold and crude oil imports are the major factors for India's widening current account deficit.
Moody's has cut China's credit rating outlook to stable from positive, saying less-than anticipated progress in tackling economic risks.
Lower commodity prices and explosions at the Boston Marathon event dragged Wall Street to record lows.
Weak economic growth data from China and lower commodity prices have earlier dragged US stocks down to a five-month low.
Emerging economies such as China and Russia bucked general trend with rises in military spending.
Yen's weakness and growing investor sentiment in the country are cited as reasons for better industrial production data.
China's lower-than-expected first-quarter growth adds to investors' concerns about the global economy.
China attributes weak growth rate to global economic tensions and domestic controls such as property cooling measures.
China's GDP growth eases to 7.7 percent in the first quarter from 7.9 percent in the preceding quarter.
Cyprus bailout concerns contribute to the continued weakness of gold as precious metal dips below $1,400 for the first time since March 2011.
The facility will encourage the use of yen in trade settlement and investment in the euro area.
Most Asian markets add to their gains during the week supported by a strong start to the US earning season and Japan stimulus.
European markets retreat after four straight days of gains.
A 6.5 percent year-on-year decline in manufacturing output has dragged the economy into contraction.
The yen's retreat from a four-year low has pulled down the Nikkei stock average.
Markets open positive taking cues from a surprise jump in China's imports data.