European Markets Wrap-Up: Trump and Xi had a good meeting, says White House official

Thursday, 14 May, 2026 News Trump and Xi had a good meeting, says White House official The two sides discussed ways to enhance economic cooperation Also discussed expanding market access for US businesses into China and increasing Chinese investment Trump, Xi highlighted need to build o Forex Indian Rupee sinks to new record lows and consolidates: US-Iran remains the main driver FUNDAMENTAL OVERVIEW USD: The US dollar regained some ground this week as US and Iran rejected the respective war-ending proposals and US inflation data came out higher than expected. Overall, the mar Learn more News Spain inflation eases a little in April but still much higher than before US-Iran conflict Even so, headline inflation increased further by 0.4% on the month with price pressures seen more widespread. Restaurants and accommodation services saw a 1.2% increase with clothing and footwear refl Forex USD/JPY flirts with a key upside breakout as yen's intervention-led gains continue to fade FUNDAMENTAL OVERVIEW USD: The US dollar regained some ground this week as US and Iran rejected the respective war-ending proposals and US inflation data came out higher than expected. Overall, the mar News What are the main events for today? EUROPEAN SESSION In the European session, the main highlight was the UK GDP report. The data beat expectations almost across the board, with a solid performance in March. All in all, it shows that the News UK Q1 preliminary GDP +0.6% vs +0.6% q/q expected Prior +0.1% GDP +1.1% vs +0.8% y/y expected Prior +1.0% That's a solid showing by the UK economy in the first quarter of the year, helped by a strong performance in March despite the challenges from r News UK March monthly GDP +0.3% vs -0.2% m/m expected Prior +0.5%; revised to +0.4% Services output +0.3% vs -0.1% m/m expected Prior +0.5% Industrial output -0.2% vs -0.3% m/m expected Prior +0.5%; revised to +0.3% Manufacturing output +1.2% vs 0.0% m/m Forex Orders FX option expiries for 14 May 10am New York cut There are just a couple of expiries to take note of on the day, as highlighted in bold below. They are both for EUR/USD at the 1.1700 to 1.1750 levels. They don't tie much to any key technical levels, Learn more News Heads up: It is a holiday in some parts of Europe but markets will still be open This will be in observance of Ascension Day and with it being on a Thursday, we could see many people take a "bridge" holiday on Friday into the weekend as well. The holiday here is not one that is ob

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