Major business and economic events scheduled for Friday:
WASHINGTON _ Labor Department releases Consumer Price Index for April, 8:30 a.m.
BRUSSELS _ European Commission releases biannual economic forecast.
BERLIN _ Federal Statistical Office releases first-quarter growth figures for the German economy, Europe's biggest.
HONG KONG _ Hong Kong releases first-quarter gross domestic product figures.
SEOUL, South Korea _ The Bank of Korea holds its monthly interest rate setting meeting. The central bank has raised its key borrowing cost four times in less than a year to fight inflation.