Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, on renewed concerns over the health of the US financial sector. The outlook for interest rate hikes and a potential recession in the U.S. is also hurting sentiment. Asian Markets closed mostly lower on Wednesday.
Traders await a slew of upcoming central bank meetings, most notably the U.S. Federal Reserve, the Bank of England and the European Central Bank, due over the next two weeks. The Bank of Japan (BOJ) is likely to keep its monetary policy steady on Friday.
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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.