European stocks may open on a positive note Wednesday as traders look ahead to remarks by Fed Chair Jerome Powell and several other Fed officials for clues on the monetary policy outlook. Powell is due to testify before the House Financial Services Committee later today and the Senate Banking Committee on Thursday after deciding to leave interest rates unchanged at last week's FOMC meeting. The Ba...
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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.