European stocks are seen opening broadly higher on Tuesday, with resource stocks likely to surge after China's central bank announced a slew of measures to spur sluggish economic growth. The People's Bank of China said it would cut the reserve requirement ratio by 0.5 percentage points in the near future. The central bank also announced plans to reduce interest rates on existing mortgages and sta...
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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.