European stocks are likely to open higher on Tuesday as oil prices fell from two-week highs amid hopes of a de-escalation in the West Asia conflict.
Higher bond yields may limit potential gains to some extent, with the yield on the U.S. 30-year bond edging up by one basis point to 5.13 percent on worries that the Federal Reserve may keep interest rates higher for longer. The Fed funds futures market is currently pricing in an increase in rates as soon as December.
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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.