European stocks fell sharply to hit a two-month low on Monday as investors braced for a prolonged conflict in the Middle East that could send energy costs even higher, risking inflation and regional economic growth.
Brent crude futures last traded up 15 percent at $107 a barrel after surging to a nearly four-year high above $119 a barrel earlier.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.