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 08, 2026 11:24 ETThe Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.
May 10, 2026 23:03 ETAsian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, amid renewed escalation in U.S-Iran tensions after U.S. President Donald Trump and Iran rejected each other's latest peace proposals to end the war in the Middle East. Keeping the Strait of Hormuz largely closed is also sending crude oil prices surging and raising global inflationary concerns.
May 08, 2026 14:37 ETPartly offsetting the losses from three consecutive sessions, crude oil prices have inched higher on Friday as Middle East tensions renewed after the exchange of fire between the U.S. and Iran. Iran is delaying its response to a U.S. peace proposal to end the war, adding to the uncertainty.
May 08, 2026 10:29 ETA better-than-expected job market update from the U.S. on Friday has dampened rate cut expectations from the Fed, dragging down cryptocurrencies.