Asian stocks ended broadly lower on Friday, as the dollar rose with Treasury yields as hawkish signals from Federal Reserve officials ramped up fears of a U.S. recession.The U.S. benchmark 10-year Treasury yield hit fresh 14-year peaks after Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday the central bank will "keep raising rates for a while" to curb inflation.China'...
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Market Analysis
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.