Stock markets in Europe are expected to trade lower on Monday amidst renewed geopolitical tensions in the Middle East as well as concerns about the Federal Reserve's independence. Tech-led gains in Wall Street on Friday and momentum in Asian markets on Monday are expected to limit losses.
Wall Street had closed on a positive note on Friday as investors reacted to the month labor market data. The Dow Jones Industrial Average added 0.48 percent to finish trading at 49,504.07. The tech-heavy Nasdaq Composite gained 0.81 percent to close trading at 23,671.35.
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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.