European stocks rallied on Friday after the European Central Bank signaled that Thursday's rate hike could be the last hike in the current cycle. Improved retail sales and industrial production data from China also boosted sentiment.The pan European STOXX 600 was up 0.9 percent at 464.80 after rallying 1.5 percent on Thursday. The German DAX climbed 1 percent, France's CAC 40 jumped 1.4 percent an...
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Market Analysis
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.