European stocks retreated on Friday as Amazon reported disappointing earnings and fresh losses in Chinese markets stirred debates about China's policy risks. Meanwhile, the euro area economy recovered in the second quarter, the preliminary flash estimate published by Eurostat showed.Gross domestic product expanded 2 percent sequentially, reversing the 0.3 percent drop posted in the preceding perio...
For comments and feedback contact: editorial@rttnews.com
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.