European stocks may open on a positive note Tuesday despite rising bets for quicker interest rate hikes. Traders look to incumbent Fed Chairman Jerome Powell's nomination hearing later in the day for new clues on the timing and pace of policy normalization.In his prepared opening remarks, released Monday, Powell acknowledged that high inflation is taking a toll on American families.A pullback in b...
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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.