German stocks climbed higher on Friday amid renewed hopes of a U.S.-Iran peace deal thanks to signs of progress in negotiations.Still, both sides are at odds over Tehran's uranium stockpile and future control of the Strait of Hormuz.Data showing an improvement in German consumer sentiment and a slightly faster pace of economic growth aided sentiment.The benchmark DAX, which surged to 24,866.44 ear...
For comments and feedback contact: editorial@rttnews.com
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.