Indian shares reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran.Brent crude prices jumped more than 3 percent to $109.19 a barrel as attacks on one ship and the seizure of another around the Strait of Hormuz stoked concerns about energy supplies.After wrapping up his three-day visit to China, U.S. Pr...
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Business News
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.