German stocks rose sharply on Tuesday and bonds dropped after reports that the European Union is considering joint bond sales to help counter the fallout from Russia's invasion or Ukraine.
There was also cheer on the economic front, with German industrial production growth accelerating unexpectedly in January.
Industrial output advanced 2.7 percent month-on-month, faster than the revised 1.1 percent increase seen in December, Destatis reported. Production was forecast to climb at a slower pace of 0.5 percent.
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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.