European shares were sharply lower on Friday, with inflation concerns and disappointment over U.S.-China trade talks keeping investors on edge. After wrapping up his three-day visit to China, U.S. President Donald Trump said he will not be much more patient with Tehran. Hormuz concerns persist despite Iran's Revolutionary Guards claiming around 30 vessels had crossed the strait since Wednesday eve...
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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.