European stocks surged to hit multi-week highs on Monday amid continued optimism around the trajectory of talks to end the Iran war.
Oil prices fell nearly 6 percent, helping ease inflationary concerns after reports emerged that the U.S. is close to reaching a deal with Iran that would end the three-month-old war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.