German stocks slipped on Tuesday, weighed down by fading hopes for a resolution to the Middle East conflict, and rising crude oil prices. Data confirming an acceleration in Germany's consumer price inflation in the month of April hurt as well.
U.S. President Donald Trump said the fragile ceasefire between Washinton and Tehran was on "massive life support," raising fresh doubts over the chances of a lasting truce.
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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.