European stocks were little changed on Friday, a day after the European Central Bank and Bank of England issued hawkish signals on the outlook for their rate paths.
After November's U.S. inflation report showed an unexpected decline in price growth, the core PCE price index, widely regarded as the Federal Reserve's preferred inflation gauge, along with the existing home sales report will be in focus later in the day.
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Business News
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.