European stocks may drift lower on Thursday despite strong earnings from Meta Platforms Inc and IBM.
Inflation concerns loom large following a spike in bond yields on fears that interest rates could stay higher for longer.
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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.