European stocks may drift lower at open on Wednesday as worries about the U.S. banking sector deepened and data showed China's new home prices fell for the first time this year in July, complicating policy efforts to revive the economy.
Asian markets traded lower on persisting worries about the worsening economic conditions in China and signs the Federal Reserve may keep interest rates higher for longer to tame inflation.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.