European stocks struggled for direction on Tuesday as uncertainty lingered despite U.S. President Donald Trump's decision to postpone potential strikes on Iran's energy infrastructure for five days.Huge explosions were heard in Tehran and other cities, as Iran denied it held talks with the U.S. to end the war."Iranian people demand complete and remorseful punishment of the aggressors," Iranian Par...
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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.