European stocks tumbled on Thursday as Brent prices surged above $114 a barrel following attacks by Iran on energy facilities in the Middle East, including the crucial South Pars gas field.Major energy hubs across the Middle East are now being directly targeted as the war between Iran and the U.S.-Israeli coalition enters its 19th day.Traders also digested hawkish comments from Federal Reserve Cha...
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Market Analysis
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.