European stocks traded higher on Wednesday as geopolitical tensions eased, and investors reacted to reports of a leadership change at the European Central Bank. A Financial Times report said Christine Lagarde plans to leave the European Central Bank before her eight-year term as president expires in October 2027.The British pound traded below $1.36 after data showed U.K consumer price inflation ea...
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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.