European stocks settled lower on Tuesday as concerns about growth due to the surge in coronavirus cases and fresh lockdown measures in several countries across the continent weighed on sentiment.
Investors also weighed the prospects of the Federal Reserve hiking interest rates by mid 2022, after U.S. President Joe Biden's decision to nominate Jerome Powell for another term as the Federal Reserve Chairman.
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Market Analysis
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.