European stocks may open higher on Monday as concerns about the new coronavirus variant Omicron ease.
Early indications of the severity of the Omicron Covid-19 variant are "a bit encouraging," top U.S. pandemic advisor Anthony Fauci said Sunday, adding that it was too early to draw definitive conclusions and more information was still needed. South Africa reported that Omicron is not leading to higher hospitalization rates despite a jump in active cases.
For comments and feedback contact: editorial@rttnews.com
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.