European stocks may drift lower at open on Wednesday, as investors await more U.S. economic data as well as management commentary on the demand outlook from prominent companies for further clarity on the economic outlook. Asian stocks traded mixed, with markets in mainland China, Hong Kong and Taiwan closed for Lunar New Year holidays. U.S. stock futures fell after Capital One posted an earnings m...
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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.