European shares were moving lower on Wednesday as oil prices regained strength after falling more than 11 percent in the previous session.
Benchmark Brent crude futures were up 2.6 percent in European trade and WTI contracts surged more than 4 percent as the fighting in Iran continued to rage on, with the U.S. and Israel exchanging air strikes with Iran across the Middle East.
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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.