European shares traded mixed on Wednesday as weak trade data from China overshadowed investor optimism over easing of COVID curbs in the country. The dollar climbed in early European trade, as top U.S. banks warned of a recession in 2023 and better-than-expected data from the U.S. services sector rekindled expectations for rapid rate rises from the Federal Reserve.Markets eye central bank decision...
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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.