European stocks fell on Monday amid renewed concerns about Middle East tensions after Iran rejected participation in a second round of peace negotiations with the U.S., citing Washington's excessive demands, constant shifts in stance, contradictions and the continuing naval blockade.
Iran has launched drone attacks on U.S. military ships, accusing Washington of playing a "blame game" and violating international law after American forces seized an Iranian-flagged cargo ship.
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Market Analysis
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.