European stocks are likely to open higher on Thursday as investors react to a dovish speech by Fed Chair Jerome Powell at the Brookings Institution in Washington. Asian markets followed Wall Street higher, but overall gains were relatively modest on China growth concerns. China's manufacturing sector continued to contract in November due to the sustained reductions in output and sales, a closely w...
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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.