Softer jobs data and higher chances of the Fed ending its tightening cycle drove market sentiment. The positive earnings updates also helped buoy market mood.
Wall Street Futures are trading in positive territory. European benchmarks are moving mixed. Asian stocks rallied.
Dollar's weakness dragged down the Dollar Index further. Bond yields climbed after easing in the recent sessions. Crude oil prices surged amidst supply concerns. Gold traded below the flatline amidst rising risk appetite. Cryptocurrencies are trading mixed.
Here is a snapshot of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 34,110.00, up 0.14% S&P 500 (US500) at 4,367.80, up 0.22% Germany's DAX at 15,167.45, down 0.14% U.K.'s FTSE 100 at 7,418.89, up 0.02% France's CAC 40 at 7,021.39, down 0.37%Euro Stoxx 50 at 4,166.65, down 0.19%Japan's Nikkei 225 at 32,708.48, up 2.33% Australia's S&P ASX 200 at 6,997.40, up 0.28% China's Shanghai Composite at 3,058.41, up 0.91%Hong Kong's Hang Seng at 17,965.00, up 1.57%
Currencies:
EUR/USD at 1.0753, up 0.22%GBP/USD at 1.2418, up 0.36%USD/JPY at 149.70, up 0.22%AUD/USD at 0.6502, down 0.14%USD/CAD at 1.3651, down 0.06% Dollar Index at 104.91, down 0.11%
Ten-Year Govt Bond Yields:
U.S. at 4.598%, up 0.90% Germany at 2.7010%, up 2.43%France at 3.298%, up 2.04%U.K. at 4.3840%, up 2.14%Japan at 0.869%, down 0.63%
Commodities:
Brent Oil Futures (Jan) at $85.86, up 1.14%.Crude Oil WTI Futures (Dec) at $81.56, up 1.30%.Gold Futures (Dec) at $1,992.80, down 0.32%.
Cryptocurrencies:
Bitcoin at $35,202.64, up 0.12%Ethereum at $1,899.11, up 0.19%XRP at $0.7099, up 10.06%BNB at $245.75, up 0.73% Solana (SOL) at $40.24, down 3.72%.
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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.