European stocks are likely to open lower on Wednesday as rising Covid-19 cases in the United States and Europe has raised the threat of renewed restrictions and regional lockdowns.
With more shutdowns looming and new virus cases spreading quickly in many parts of the world, huge challenges remain before a coronavirus vaccine can be rolled out and people begin to receive it.
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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.