European stocks were mostly higher on Monday amid hopes for a Fed pause in policy tightening.
In economic releases, economic activity for the Eurozone dropped further in October into recessionary territory, a survey showed earlier, with the S&P Global Composite PMI falling to 47.1, from 48.1 in September.
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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.