European stocks are seen opening higher on Friday amid renewed optimism about U.S.-Iran talks.As peace talks continue with Pakistan's mediation, both sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.As Iranian officials review Washinton's latest peace proposal, U.S. Secretary of State Macro Rubio said there were "some encouraging signs" but warned ...
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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.