European markets closed mixed on Friday, struggling to find support past mid-afternoon. The mood remained cautious with investors assessing the prospects of a U.S.-Iran peace deal after the two nations agreed in principle to extend the ceasefire by sixty days.
The agreement would purportedly facilitate the reopening of the Strait of Hormuz and enable fresh negotiations over Iran's nuclear program, although President Donald Trump has yet to sign off on the deal.
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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.