Sentiment in world markets remains tethered to the geopolitical situation in the Middle East while the fresh uncertainty following President Trump's rejection of Iran's response to the American peace plan has dampened optimism. The escalation has eclipsed the enthusiasm surrounding the AI sector as well as the euphoria generated by strong corporate earnings.
Wall Street Futures have slipped below the flatline. Benchmarks in Europe are trading on a mostly negative note. Earlier in the day, Asian markets had finished trading on a mixed note.
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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.