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• European markets were mostly lower at the start of Friday's session, as investors geared up for earnings, while keeping an eye on the turbulence seen across markets worldwide.

The pan-European STOXX 600 opened 0.25 percent lower, with the majority of sectors slipping into the red.

The U.K.'s FTSE 100 opened down 0.38 percent, while France's CAC 40 slipped 0.16 percent. Germany's DAX however was hovering just above the flatline at the open.

Global markets have been swinging between gains and major losses over the past week, as concerns over higher interest rates continue to dwell on investors' minds.

• Asian shares sank on Friday, with Chinese equities on track for their worst day in two years, as fears of higher U.S. interest rates shredded global investor confidence.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 2.2 percent to a two-month low.

• Japan’s Nikkei share average tumbled on Friday after another torrid day for Wall Street, with oil-related stocks leading the broad declines as crude prices slumped.

The Nikkei finished down 2.3 percent at 21,382.62 bringing its weekly loss to 8.1 percent.

Reference: Reuters, CNBC