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 05:25 ETChina's inflation unexpectedly accelerated and factory gate inflation hit a 45-month high in April as the war in the Middle East stoked energy prices, official data showed Monday. Consumer price inflation rose to 1.2 percent in April from 1.0 percent in March, the National Bureau of Statistics reported. Prices were expected to climb 0.9 percent.
May 11, 2026 07:22 ETFrance's benchmark index CAC 40 drifted lower on Monday as stocks from across several sectors fell on selling pressure as U.S.-Iran peace talks failed following U.S. President Donald Trump rejecting Iran's latest proposal to end the conflict. Higher crude oil prices weighed as well on sentiment.
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 06:45 ETCryptocurrencies are trading slightly above the flatline even as global financial markets grapple with the uncertainty related to the Middle East conflict as well as brace for key events like inflation data release, new Fed chairmanship, etc.