European shares may come under heavy selling pressure on Friday, as investors fret about the impact of prolonged high interest rates on growth and the potential fallout from the implosions of Silicon Valley Bank and Silvergate Capital.All eyes remain on the U.S. monthly jobs report due out later in the day, which could significantly impact the outlook for interest rates.Economists expect employmen...
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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.