European stocks are seen opening higher on Monday despite China reporting a slowdown in manufacturing activity.
Data released Saturday by the National Bureau of Statistics showed China's official purchasing managers' index fell to 50.4 in July from 50.9 in June, adding to concerns about a slowdown in the world's second-largest economy. It was the slowest figure since the index slumped to 35.7 in February 2020.
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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.