European stocks are seen opening lower on Thursday as investors weigh renewed U.S.-Iran tensions and await the release of the Fed's favorite inflation gauge, the core PCE price index, later in the day for fresh clues on the monetary policy path forward under new chair Kevin Warsh.
Amid elevated energy prices, analysts expect the PCE price index to have risen by an annual 3.8 percent in April, up from 3.5 percent in March and well above the long-run rate of 2 percent targeted by the U.S. central bank.
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Business News
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.