Spanish lender BBVA hit by Turkey troubles
Euro zone industry output slumps, with Ireland plunge
AXA39;s capital buffers beat expectations as Q1 sales rise

May 15 Reuters European stocks climbed on Monday as investors assessed uncertainties around U.S. debt ceiling talks and a runoff election in Turkey, while parsing data for clues on the state of the global economy.

The panEuropean STOXX 600 index closed 0.3 higher, after hitting a twoweek high during the session.

The benchmark index has largely traded in a tight range this month as investors seek hints on how long major central banks will keep hiking interest rates to tame inflation.

While banks largely notched gains, shares of Spain39;s BBVA  among the European banks most exposed to Turkey slumped 4.2 as the country39;s presidential election appeared headed for a runoff vote.

Overall the outlook is still pretty positive, but we cannot forget that we have come from a time of massive amounts of government stimulus and are still battling high and persistent inflation, said Daniela Hathorn, senior market analyst at Capital.com.

Investors still don39;t think that we are out of the woods, and are bracing themselves for what may come in the next two or three years.

Data showed Germany39;s wholesale price index fell slightly in April, the first yearonyear drop since December 2020, while another set showed consumer prices in Sweden eased more than expected in April.

Meanwhile, euro zone industrial production fell…