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 11:22 ETAfter reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Monday showing existing home sales rebounded by much less than expected in the month of April. NAR said existing home sales crept up by 0.2 percent to an annual rate of 4.02 million in April.
May 11, 2026 16:15 ETAfter turning in a strong performance last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day bouncing back and forth across the unchanged line before eventually closing modestly higher.
May 11, 2026 14:39 ETCrude oil prices have surged on Monday after the U.S. rejected Iran's proposal to end the war. In addition, oil prices gained support from reports suggesting a rapid depletion in crude oil inventories due to the U.S.-Iran war.
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.