European stocks traded lower on Friday as escalating U.S.-Iran tensions curbed investors' appetite for riskier assets.
Investors also watched the latest British political developments after early results from nationwide elections suggested a historic drubbing for Prime Minister Keir Starer's Labor Party and sweeping gains for the hard-right Reform U.K. party of Nigel Farage.
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Business News
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.