European stocks may open on a firm note Monday despite the U.S. debt ceiling stalemate and renewed uncertainty about the Fed's rate path. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet later today for talks on averting a catastrophic debt default.The U.S. could default on its debt as soon as June 1 if Congress fails to raise the borrowing threshold.Asian markets tra...
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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.