European stocks were notably higher on Tuesday after U.S. President Donald Trump said there was a "very good chance" the United States could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon. Oil prices fell nearly 2 percent on Trump's comments and bonds steadied after recent sell-off, helping underpin investor sentiment. The British pound slipped after official data s...
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Business News
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.