European stocks rose on Friday and were set for their longest weekly gaining streak since early December amid hopes that the Federal Reserve is nearing the end of its monetary policy tightening cycle. Signs of cooling inflation prompted speculation that the Fed and other central banks may postpone or scale back plans for interest rate hikes to support growth. Figures from Destatis revealed earlier...
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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.