Asian stocks traded higher on Friday as strong U.S. economic data and more stimulus measures from major importer China helped ease concerns around global growth.
The dollar retained overnight gains while crude prices held near their highest level since early-November 2022 after China cut banks' cash requirements to release more liquidity into the Chinese economy and potentially shore up economic growth.
For comments and feedback contact: editorial@rttnews.com
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.