European stocks were sharply higher on Tuesday as markets held out hopes for a slowdown in some central banks' rate hikes.The U.S. dollar edged lower and Eurozone yields fell as focus shifted to a two-day policy meeting of the Federal Reserve that gets underway later today.It is widely believed that Fed might signal a slowdown of its tightening path after delivering a 75-bps rate hike on Wednesday...
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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.