Weak sentiment is expected to prevail in stock markets in Europe on Monday as markets grapple with the uncertain trade tariff environment after the U.S. Supreme Court's ruling to strike down President Trump's sweeping reciprocal tariffs. Market sentiment is also expected to be impacted by the U.S.-Iran tensions. Corporate earning updates are also expected to sway sentiment.
Wall Street had closed on a positive note on Friday amidst the U.S. Supreme Court ruling that struck down a large portion of President Trump's global tariffs. The Dow Jones Industrial Average gained 0.47 percent to finish trading at 49,625.97. The tech-heavy Nasdaq Composite rallied 0.90 percent to close trading at 22,886.07.
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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.