European stocks were slightly higher in cautious trade on Tuesday as investors braced for big tech earnings and the upcoming Federal Reserve decision.
On the geopolitical front, the Trump administration seemed unlikely to accept Iran's proposal to reopen the Strait of Hormuz and end the war, while setting aside discussion on Iran's nuclear program.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.