European stocks are seen opening higher on Wednesday amid a heavy day on the U.S. economic calendar. Traders eye U.S. reports on private sector employment, job openings and pending home sales as well as the Fed's Beige Book later in the day ahead of the Labour Department's closely watched monthly jobs report, due on Friday.Fed Chair Jerome Powell's speech at a Brookings Institution event is likely...
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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.