European stocks are likely to open lower on Friday amid worries that inflation-fighting central banks would tip world economies into recession. The Fed's preferred inflation measure held around multi-decade highs in May and a measure of U.S. consumer spending fell in May for the first time this year and prior months were revised lower, underlining the gloomy outlook. Elsewhere, sentiment at Japan'...
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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.