European stocks are seen opening on a sluggish note Friday as market sentiment turned risk-averse amid worries over further interest-rate rises. The Bank of England's 50 basis point interest rate rise is expected to deepen the mortgage crisis. ECB hawks are warning over sticky inflation, and it is not certain that rates could peak this summer. Fed Chair reiterated the need for more rate rises, rai...
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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.