European stocks are seen opening on a firm note Wednesday after the World Health Organization (WHO) laid to rest apprehensions about the efficacy of existing vaccines against the new coronavirus strain.The upside, however, may remain capped somewhat amid rising geopolitical tensions between the United States and Russia. After a tense two-hour summit, the U.S. said it is preparing "robust responses...
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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.