Indian shares opened lower on Wednesday due to ongoing concerns surrounding the U.S.-Iran conflict, which has now entered its 12th week and effectively kept the strategic Strait of Hormuz closed to shipping traffic.The benchmark BSE Sensex was down 398 points, or half a percent, at 74,894 on concerns about rising crude oil prices and a weakening rupee.The broader NSE Nifty index dropped by 118 poi...
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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.