European stocks traded higher on Friday after two straight days of declines on concerns about the impact of China's "zero-COVID" strategy and indications that the U.S. Federal Reserve will keep raising rates to fight inflation.
Closer home, the European Central Bank will keep raising rates as withdrawing accommodation may not be enough to curb inflation, ECB President Christine Lagarde said in a speech at a conference.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.