European stocks were flat to slightly lower on Monday as the U.S.-Israeli war on Iran entered its third week and U.S. President Donald Trump called on allies to send naval escorts to protect vessels in the Strait of Hormuz. European Union foreign ministers will be meeting later in the day to debate a potential naval response to the effective closure of the key oil shipping route. As inflation risk...
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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.