European stocks inched higher in cautious trade on Wednesday ahead of the release of Eurozone Services PMI data and a speech by European Central Bank President Christine Lagarde.
Investors also await a raft of U.S. economic data this week, including the monthly ADP National Employment Report for November expected later in the day.
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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.