French stocks climbed higher on Tuesday, extending gains to a second straight day, after U.S. President Donald Trump's announcement of a temporary pause in strike against Iran raised hopes of a potential deal between the two warring nations.
Trump, who said there was a "very good chance" the United States could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon, however added that a major offensive will take place if no acceptable agreement is reached soon.
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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.