European stocks rallied on Wednesday after U.S. President Donald Trump said the Iran war could end in two weeks sans a deal to re-open the Hormuz, brining a much-needed relief to markets roiled by the conflict.However, analysts said it could take six to eight weeks more for oil flows to normalize."Even if that peace is here tomorrow, still we will not go back to normal in a foreseeable future," th...
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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.