European stocks closed higher on Wednesday, bouncing back fairly well from previous session's losses, as investors reacted to earnings and looked ahead to the U.S.-China summit in Beijing, in addition to following the developments on the Middle East conflict front.
The pan European Stoxx 600 climbed 0.79%. The UK's FTSE 100 moved up 0.58% despite political uncertainty. Germany's DAX and France's CAC 40 gained 0.76% and 0.35%, respectively. Switzerland's SMI closed 0.71% up.
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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.