European stocks went sliding down south Monday morning, with many of the markets falling to multi-month lows, as deepening conflict in the Middle East, and rising concerns about inflation due the steep rise in oil prices rendered the mood extremely bearish.
Brent crude futures, which rose to a nearly four-year high to $119.50 a barrel earlier, dropped to around $100 later on in the day, but still remained nearly 8% up from Friday's close.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.