Asian stocks ended mixed on Thursday as a record-setting U.S. inflation report kept pressure on the U.S. central bank to further tighten monetary policy aggressively at its upcoming policy meetings.
The euro hovered just above parity with the dollar and gold dipped, while oil prices moved sideways ahead of U.S. President Joe Biden's historic visit to Saudi Arabia, the world's biggest crude oil exporter.
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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.