The major European markets, with the exception UK, are gaining some ground in positive territory on Tuesday despite an escalation in tensions on the Middle East. Disappointing earnings from HSBC Holdings weigh on the banking sector in the UK market, contributing to its weakness.
The US and Iran are indulging in attacks in the Gulf amid rising tensions around the Strait of Hormuz.
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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.