European stocks may open higher on Friday after China cut its five-year loan prime rate (LPR) by 15 basis points, a sharper cut than had been expected, to help cushion an economic slowdown. However, the one-year LPR that affects commercial borrowers was left unchanged.
On the flip side, Shanghai reported new COVID-19 cases outside quarantined areas for the first time after five days of no infections.
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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.