European stocks are likely to open higher on Wednesday amid optimism that increased government spending around the world and concerted efforts to accelerate vaccine rollout will boost global growth. The U.S. Senate took steps on Tuesday to open the door for Democrats to push through the Covid-19 rescue package on their own, but bipartisanship was absent.The rollout of vaccines in many countries is...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.