The U.S. Futures Index points to a bounce-back for Wall Street on Wednesday. Asian shares closed lower, while European shares finished higher. Fed Chairman Jerome Powell's second day of testimony on Capitol Hill might attract attention. Investors will be keen on the New Home Sales in the month of January as well as the earnings reports. On the earnings front, retailers Lowe's (LOW) and Office Depo...
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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.