European stocks may open on a cautious note Friday, with worries surrounding China's property sector likely to be in focus after China Evergrande Group and Kaisa Group Holdings officially defaulted on their dollar debt.
In another significant development, China's yuan weakened sharply from a 3-1/2-year high against the dollar after the People's Bank of China set a much weaker-than-expected midpoint following a directive the previous day that banks hold more foreign exchange in reserve.
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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.