European stocks look set to open mostly higher on Monday after the U.S. Congress passed a stopgap funding bill late on Saturday with overwhelming Democratic support to fund the government through November 17.
Lawmakers must now wrangle a separate bill on $24 billion in military assistance to Ukraine that Biden wanted in the budget.
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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.