European stocks were modestly higher in cautious trade on Wednesday, with Middle East tensions, upcoming Nvidia earnings and regional inflation data in focus. Bond remained under pressure as money markets factor in interest rate hikes from the European Central Bank and the Federal Reserve before the end of the year. Oil prices traded lower after U.S. President Donald Trump said the war with Iran w...
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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.