European stocks look set to open on a sluggish note Wednesday as weak U.S. data released overnight raised worries that a recession may indeed be on the way.
Gold traded flat as the dollar ticked higher and benchmark U.S. 10-year Treasury yields hovered near a more than one-month high on worries about inflation and tighter monetary policy.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.