European stocks were mostly lower on Thursday as investors digested mixed earnings results and kept a close eye on oil market dynamics amid an expanding Middle East conflict. Oil extended gains as the U.S.-Israeli war on Iran entered its sixth day. WTI crude futures were up more than 1 percent after the United States submarine sank an Iranian warship off the southern coast of Sri Lanka.In a Pentag...
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Market Analysis
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.