European shares may open on a firm note on Thursday as Cisco Systems reported record fiscal third-quarter results for fiscal 2026 and investors pinned hopes on U.S.-China talks yielding positive results on the Iran war.
Cisco shares gained nearly 19 percent in extended trading after the company beat Wall Street estimates, raised FY26 AI orders and revenue outlook, and announced plans to eliminate close to 4,000 jobs, positioning the company as "critical infrastructure for the AI era".
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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.