Extending a recent downward trend, European stocks moved mostly lower on Tuesday amid ongoing concerns about persistently high interest rates and a weakening Chinese economy.The recent surge in oil prices and worries around a possible U.S. government shutdown also weighed on the markets.The pan European STOXX 600 Index fell by 0.6 percent, closing lower for the fourth consecutive session.The Germa...
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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.