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Yellen says Fed should move cautiously in determining when interest rates should rise.
FTSE slipped off three-week highs on Friday with mining stocks among the worst off.
The dollar reached an 11-month high against the euro after Yellen's speech.
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Stocks showed muted reaction after Yellen said Fed should be cautious in rate decision.
Emerging-market stocks headed for their second weekly gain led by technology shares.
McDonald's has named a new US president for the second time in less than two years.
US stocks were little changed after the Standard & Poor's 500 Index reached a record.
Britain's oil industry is facing the threat of a cascade of North Sea rig closures.
A Chinese retailer is offering insurance to customers who buy infant milk powder.
Spain's record visitor numbers raise the prospect of a significant economic boost.
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