European markets settled higher on Thursday with investors largely keeping an eye on the U.S.-China Summit in Beijing and closely following the developments in the United Kingdom, in addition to reacting to corporate earnings announcements. Optimism about Artificial Intelligence and strong guidance by U.S. tech giant Cisco Systems contributed notably to the positive mood in the markets.In the UK, ...
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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.