European stocks are seen opening broadly higher on Tuesday, though London's FTSE 100 may fall at open as oil prices fluctuated following reports that U.S. President Donald Trump is willing to end the U.S. military campaign against Iran even if the strategically vital Strait of Hormuz remains largely closed.
Instead, the administration plans to achieve core objectives - crippling Iran's navy and missile capabilities and resuming normal operations in the strait, according to a Wall Street Journal report.
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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.