European stocks were moving lower on Tuesday as trading resumed after a three-day holiday break. Growth worries resurfaced after data showed China's manufacturing activity contracted in April. Elsewhere, a measure of U.S. manufacturing contracted for the sixth consecutive month in April but pulled off a three-year low as new orders improved slightly and employment rebounded.Meanwhile, preliminary ...
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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.