European stocks rose for the third day running on Wednesday, with the latest PMI data and U.K. finance minister Rishi Sunak's budget speech in focus. IHS Markit's final February Composite Purchasing Managers' Index for the euro zone economy rose to 48.8 from January's 47.8, while the services PMI has been finalized at 45.7, up slightly from January's 45.4.Britain's treasury chief Rishi Sunak said ...
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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.