News

The German DAX30 index opened on May 8 (Friday), down 226.29 points, or 0.92%, to 24445.25 points;The British FTSE 100 index opened on May 8 (Friday), down 62.40 points, or 0.61%, to 10214.55 points. ;The FCHI index opened on May 8 (Friday), down 62.17 points, or 0.76%, to 8139.91 points; The European Stoxx 50 Index opened on May 8 (Friday), down 59.59 points, or 1.00%, to 5913.06 points; The Spanish IBEX35 index opened on May 8 (Friday), down 134.42 points, or 0.74%, to 17917.58 points; The Italian FTSE MIB index opened on May 8 (Friday), down 294.51 points, or 0.60%, to 48996.50 points.

The Hang Seng Technology Index turned red during the session. It had previously fallen by nearly 2%. The Hang Seng Index fell by 0.65%. Kuaishou (01024.HK) rose by nearly 9%. Baidu (09888.HK) rose by nearly 6%. Kingdee International (00268.HK) and Kingsoft (03888.HK) rose by more than 4%.

European Central Bank President Lagarde: The case for pushing for euro-denominated stablecoins is not as strong as it seems on the surface.

JPMorgan Chase: Raised Lyft (LYFT.O) target price to $18 from $17.

The Swiss consumer confidence index for April will be released in ten minutes.

Hong Kong stock Kuaishou (01024.HK) rose rapidly in the afternoon and is now up more than 5%.

Nintendo: Plans to increase the price of Nintendo Switch 2 in the United States, Canada, and Europe starting September 1.

Market news: Air India is discussing furloughing non-technical employees and cutting flight capacity by more than 20% in the next three months.

Nintendo: Raise the suggested retail price of the Japanese version of the Switch 2 console from 49,980 yen to 59,980 yen.

NI225 closed down 120.19 points, or 0.19%, on Friday, May 8, at 62713.65 points.

JPMorgan Chase: Raised its target price on Warner Music Group to $43 from $40.

French Transport Minister: No large-scale flight cancellations are expected this summer.

Australia's S&P/ASX200 index closed down 131.30 points, or 1.48%, on Friday, May 8, at 8746.80 points.

Russian Defense Ministry: Russian troops responded to Ukraine’s attacks in tit-for-tat terms.

Russian Ministry of Defense: Ukraine continues to launch attacks.

Russian Defense Ministry: Russian troops stopped fighting starting at midnight.

Russian Defense Ministry: Ukraine violated ceasefire agreement.

Iran's Ministry of Foreign Affairs: It is shameful and sad that the United States targets Iraqi officials for baseless reasons.

Ministry of External Affairs of India: The Minister of External Affairs, the UAE Minister of State for International Cooperation and the Secretary-General of the French Ministry of Europe and Foreign Affairs participated in the India-UAE-France trilateral meeting in Abu Dhabi on May 7, 2026. The meeting discussed strategic cooperation in the fields of artificial intelligence, space and cultural heritage. All parties agreed to advance trilateral cooperation in a structured manner.

Russian Ministry of Transport: 13 airports in southern Russia have suspended operations due to drone attacks.