The Japanese stock market on Friday wrote a finish to the two-day winning streak in which it had surged almost 3,500 points or 6 percent to a fresh record closing high. The Nikkei now sits just above the 62,710-point plateau although it's expected to bounce higher again on Monday.
The global forecast for the Asian markets is mixed to higher on strong employment data from the United States. The European markets were down and the U.S. bourses were up and the Asian markets are expected to move mostly higher.
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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.