European stocks closed lower on Tuesday as hopes for a quick U.S.-Iran peace deal faded following the U.S. military launching some strikes against Iranian targets. Concerns about possible rate hike moves by the European Central Bank weighed as well on sentiment.
The U.S. conducted 'self-defense strikes' on Iranian missile launch sites and boats near the Strait of Hormuz, clouding the outlook for an interim deal between Washington and Tehran.
For comments and feedback contact: editorial@rttnews.com
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.