European stocks may open lower on Wednesday as global sentiment remains fragile amid concerns over aggressive Fed tightening, a worsening energy crisis in Europe and COVID-19 lockdowns in China.
The U.S. dollar held near two-decade highs and Treasury yields jumped, while gold prices slipped ahead of Thursday's ECB meeting, with economists expecting another outsized rate hike to fight soaring inflation.
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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.