Asian stock markets are trading mostly lower on Thursday, following the broadly negative cues from global markets overnight, as a stronger U.S. dollar weighed on crude oil prices and on most of its major Asian rivals. Traders are also cautious ahead of release of the crucial U.S. inflation data later in the day, which could have a significant impact on the outlook for interest rate hikes. Asian Markets closed mixed on Wednesday.
Economists expect the inflation data to show a modest slowdown in the annual rate of consumer price growth, which could add to optimism about a slowdown in the pace of rate hikes.
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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.