European stocks may slump at open on Thursday as the U.S. Federal Reserve delivered a hawkish hold and escalating attacks on Persian Gulf oil-and-gas infrastructure injected new uncertainty into the outlook for oil and gas prices.
After leaving interest rates unchanged, Fed Chair Jerome Powell said in his post-meeting press conference that the U.S. is seeing "some progress on inflation" but "not as much as we had hoped."
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Business News
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.