European markets closed mixed on Monday with stocks recovering some lost ground after investors reacted positively to news about U.S. President Joe Biden deciding to appoint Jerome Powell as the Chairman of the Federal Reserve for a second term.
Worries about growth due to a surge in coronavirus cases across Europe and fresh restrictions on movements on several countries in the continent weighed on sentiment.
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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.