German stocks tumbled on Friday amid concerns about inflation and a lack of any positive outcome from U.S.-China trade talks.U.S. President Donald Trump said he will not be much more patient with Tehran. Concerns about Hormuz Strait linger despite Iran's Revolutionary Guards' claim that around 30 vessels had crossed the strait since Wednesday evening.Trump's tougher stance on the Middle East issue...
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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.