European stocks may drift lower at open on Tuesday as investors monitor the latest developments in the Middle East war and await the release of April's U.S. consumer price index reading later in the day for directional cues.
Reports on U.S. producer prices, retail sales and industrial production due later in the week may also provide fresh insights into the impact of the recent spike in oil prices on inflation and consumer spending.
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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.