After finishing mixed in the previous session, the major European markets all headed south on Thursday as speculation grew over a possible U.S. involvement in the Israel-Iran conflict.
The widening conflict has rattled investors as a major hospital in southern Israeli sustained extensive damage and injuries were reported in a series of Iranian missile attacks. Israel has said it will intensify strikes in retaliation.
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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.