European stocks recovered from an early slide to trade on a flat note Wednesday, as luxury stocks surged after upbeat trading updates from Richemont and Burberry.A cautious undertone prevailed after U.S. Treasury yields hit fresh two-year highs amid Fed rate hike expectations.Benchmark German debt yields turned positive for the first time since before the pandemic as markets braced for a coordinat...
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Business News
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.