Asian stocks fell sharply on Friday as investors assessed the policy impacts of the Fed's tightening moves on consumer demand and the broader economy.On Thursday, the Bank of England warned the U.K. economy will slide into recession this year as a result of higher energy prices.As inflation worries mount, investors awaited the monthly U.S. jobs data as well as comments by several Fed officials for...
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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.