The European markets are likely to open higher on Tuesday, after in-line Chinese inflation data sent a sigh of relief across Asian markets.
The DAX futures are climbing 65.50 points, the CAC 40 futures are gaining 25 points and the FTSE 100 futures are advancing 28.50 points. Euro Stoxx 50 futures are adding 20 points.
Monday, the Euro Stoxx 50 index of eurozone blue-chip stockss rose 0.05 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, added 0.29 percent.
Major European markets ended slightly to modestly up on the day. The DAX index gained 0.22 percent, the CAC 40 index added 0.07 percent and the FTSE 100 index rose 0.13 percent. The Swiss market was closed for a national holiday.
On the corporate front, handset maker Nokia said it inked a patent license agreement with Apple Inc., settling all patent litigation between the companies.
Capgemini said it has entered into exclusive negotiations with funds managed by Apax Partners and the Prosodie management team to acquire multi-channel services operator Prosodie.
In economic news, house prices in the U.K. moved lower in May, according to survey results released by the Royal Institution of Chartered Surveyors. The RICS home price index for May declined 7.0 points to minus-28, compared to the April reading of minus-21. The May reading was the lowest since January.
In China, inflation rose to 5.5 percent in May from 5.3 percent in April, National Statistics Bureau said. The rate was in line with expectations, and the highest since July 2008.
Consumer price data from the UK and retail sales data from the U.S. are due later in the day, which may have some impact on the European markets. Consumer prices in the U.K. are expected to rise 4.5 percent in May, same as the previous month. Advance retail sales data from the U.S. is expected to show a drop of 0.5 percent, compared to a rise of 0.5 percent last month.
Meanwhile, Bank of Japan decided to expand its lending program to support its ailing economy, while keeping the key policy rate unchanged. Separately, data showed that industrial production in the country grew 1.6 percent month-on-month in April, bigger than the initial estimate of 1 percent.
However, sentiment among large Japanese companies declined sharply in the second quarter as the economy struggles to shrug off the impact of the March earthquake, survey results from the Economic and Social Research Institute and the Ministry of Finance showed.
In Asia/Pacific, major markets are trading in positive territory. Australia's All Ordinaries is adding 0.35 percent and China's Shanghai Composite Index is gaining 1.26 percent. Hong Kong's Hang Seng and Japan's Nikkei 225 are adding 0.38 percent and 1.05 percent, respectively.
The U.S. futures are trading higher. In the previous session, the Dow added 0.01 percent and the S&P 500 gained 0.07 percent, while the Nasdaq slipped 0.2 percent.
In the commodity space, crude for July delivery is adding $0.21 to $97.51 per barrel and August gold is rising $7.5 to $1523.1 a troy ounce.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.