French stocks moved up sharply on Wednesday on all-round buying after the U.S. and Iran agreed to a two-week ceasefire that will help ensure stability in the critical energy corridor in the Middle East.
The ceasefire brokered by Pakistan calls for Israel and Hezbollah to halt fighting in Lebanon. Following the development, U.S. President Donald Trump said he was holding off on his threatened attacks on Iranian bridges and power plants.
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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.