European stocks may drift lower on Thursday as oil prices soared, reviving concerns about inflation and interest rates. Brent crude prices surged over 9 percent to $100.31 a barrel, adding to gains in the previous session following reports that two international oil tankers were attacked in the northern Persian Gulf near Iraq and Kuwait. WTI crude futures were up more than 7 percent at $93.79.Two ...
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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.