European stocks were moving lower on Monday as robust U.S. jobs data released on Friday fanned fears of more interest rate hikes to cool inflation.Increased tensions between the U.S. and China also weighed after the U.S. military on Saturday shot down a suspected Chinese spy balloon off the Carolina coast.The pan European STOXX 600 was down 0.9 percent at 456.78 after clocking two consecutive week...
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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.