Markets in Europe are expected to open on a firm note on Thursday amidst strong gains in Asian markets. Weak corporate earnings, recession fears and the impending interest rate decisions by the Federal Reserve, Bank of England and the European Central Bank are however expected to keep sentiment in check.
Mixed sentiment prevailed in Wall Street on Wednesday ahead of key U.S. data releases viz the GDP readings on Thursday as well as the PCE -based inflation readings on Friday. Earnings updates also swayed sentiment and the Nasdaq Composite shed 0.18 percent to close at 11,313.36 whereas the Dow Jones Industrial Average edged up 0.03 percent to finish trading at 33,743.84.
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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.