The U.S. dollar moved up against its most major counterparts in the European session on Friday, as the nation's job growth accelerated in February and Russia's seizure of the Zaporizhzhia plant in Ukraine following heavy shelling lifted the appeal of the safe-haven assets.
European stock markets fell, tracking losses in Asia, as Russian forces captured the plant and a fire had broken out at the facility following the attack.
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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.