European stocks failed to hold early gains and settled lower on Wednesday, as investors switched their focus to the Federal Reserve's monetary policy announcement due later in the day.
Stocks moved higher earlier in the day as oil prices slipped amid easing concerns about supplies but turned weak after the commodity pared early losses and moved notably higher amid fresh strikes on Iranian energy infrastructure.
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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.