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.
May 11, 2026 09:41 ETThe foreign trade deficit of Cyprus widened in March from a year ago as imports grew faster than exports. The goods trade deficit increased to EUR 703.8 million from EUR 609.7 million in the same month last year. Meanwhile, the shortfall decreased from EUR 876.1 million. Total exports of goods rose 6.7 percent annually in March, and imports logged a double-digit growth of 11.6 percent.
May 11, 2026 11:06 ETFollowing the strong upward move seen last week, stocks have shown a lack of direction over the course of trading session on Monday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are posting modest gains.
May 11, 2026 05:53 ETGold prices were sharply lower on Monday while the dollar index advanced as a lack of progress in the U.S.-Iran peace talks sent oil prices soaring and revived inflation fears. Spot gold fell 1.2 percent to $4,659.22 an ounce while U.S. gold futures were down 1.4 percent at $4,666.80. Brent crude...
May 11, 2026 07:48 ETSentiment in world markets remains tethered to the geopolitical situation in the Middle East while the fresh uncertainty following President Trump's rejection of Iran's response to the American peace plan has dampened optimism.