European stocks rose to reach a two-week high on Friday amid renewed optimism about signs of progress in U.S.-Iran peace talks. Despite some good signs in the talks, both sides are still at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.In economic news, German GDP grew 0.3 percent from a quarter ago in the first quarter, unrevised from the previous estimate and fo...
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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.