European stocks are seen opening higher on Wednesday, as markets await more signals over the Fed's next step and watch the latest developments related to the South African variant of the coronavirus.Asian markets rose broadly on optimism surrounding China after Chinese Vice Premier Liu He pledged enhanced support for businesses and said he's expecting a strong 2021.A Caixin-sponsored survey showed...
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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.