European stock markets are trading on an emphatically positive note amidst growing optimism about a potential peace deal between the U.S. and Iran. The massive plunge in crude oil prices and the subsiding fears of fuel-led inflation also boosted market sentiment. U.S. stock futures rising to new records as well as strong corporate earnings lifted market sentiment considerably.
U.K.'s FTSE 100 is trading 2.6 percent above the previous closing level of 10,219.11. It is currently trading at 10,482.96 after ranging between 10,324.72 and 10,487.66. France's CAC 40 index has jumped 3.3 percent in the day's trading at its current level of 8,329.49. The day's trading ranged between 8,131.53 and 8,330.44. The index has gained 8.2 percent over the course of the year.
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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.