Indian shares are seen opening lower on Friday as investors weigh escalating U.S.-Iran tensions and brace for the release of the April U.S. jobs report later in the day for directional cues.
The Middle East situation remains uncertain after Iran created a new agency to formalize its control over the Strait of Hormuz.
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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.