European stocks may open higher on Thursday as investors await another day of Congressional testimony by Fed Chair Jerome Powell and keep a wary eye on the situation at China Evergrande Group.
Powell's chances of getting another four-year term as head of the Federal Reserve took a hit Tuesday after Senator Elizabeth Warren called him a "dangerous man" to lead the central bank and vowed to oppose him.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.