European stocks fell in cautious trade on Friday as investors reacted to weak U.K. GDP data and U.S. President Joe Biden's comments on China.After a two-hour call with Chinese counterpart Xi Jinping on Wednesday, Biden warned lawmakers that "If we don't get moving, they are going to eat our lunch".The two leaders discussed a range of issues, including human rights, trade and security, according to...
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Business News
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.