BEIJING (Reuters) -China’s factory activity expanded at a slower pace and missed forecasts in April as supply bottlenecks and rising costs weighed on production and overseas demand lost momentum.

TOKYO (Reuters) - The U.S. dollar skidded toward a fourth straight weekly decline against a basket of major peers on Friday, as the Federal Reserve stuck to its message of ultra-low interest rates for longer.

Activity in China's services sector grew at a slower pace in April but remained well in expansionary territory, official data showed on Friday, as the domestic consumption recovery continued.

Global shares extended gains on Thursday after the Federal Reserve said it was too early to consider rolling back emergency support for the economy, and U.S. President Joe Biden proposed a $1.8 trillion stimulus package.

China's factory activity was expected to have grown at a slightly slower pace in April while maintaining momentum as the world's second-largest economy continues its recovery, a Reuters poll showed on Thursday.

Asian shares rose in early trade on Thursday after the U.S. Federal Reserve said it was too early to consider rolling back emergency support for the economy, and as U.S. President Joe Biden unveiled plans for a $1.8 trillion stimulus package.