European stocks hovered near record highs on Monday despite soaring cases of the Omicron coronavirus variant across Europe and elsewhere.
Sentiment was underpinned after HS Markit's final manufacturing Purchasing Managers' Index (PMI) came in at 58.0 in December, matching an initial flash estimate and raising hopes that growth rates could better in 2022.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.