European stocks traded lower on Thursday as sticky inflation and a slowing job market clouded the outlook for U.S. interest rates. The downside, however, remained capped after a closely-watched survey showed German consumer confidence is set to halt its downward trend in October. The forward-looking consumer confidence index rose to -22.3 in October from revised -23.5 in the previous month as inco...
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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.