European stocks are set to open on a firm note Friday amid hopes that the U.S. Federal Reserve will start reducing interest rates from the first quarter of next year.Softer than expected eurozone inflation data also raised hopes the European Central Bank will begin cutting rates from early next year.The dollar was on the back foot while bond yields were largely unchanged after New York Fed Preside...
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Market Analysis
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.