European stocks are likely to open lower on Monday amid concerns about higher interest rates and heightened U.S.-China tensions fueled by an alleged Chinese spy balloon that was shot down by the U.S.
Beijing said it "is paying close attention to the development of the situation" and "reserves the right to make further necessary reactions".
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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.