Wall Street heads for weekly gain on MidEast peace deal hopes; EU markets set for positive open| ANC — Friday 22 May 2026Asian stock markets extended gains on Friday, positioning for weekly advances as chipmakers rebounded following strong earnings from Nvidia. Investors remained cautious amid unresolved issues in U.S.-Iran negotiations. Wall Street was also on track for a weekly gain, buoyed by hopes for a Middle East peace deal, while European markets were set to open higher. In a separate development, the Philippine government increased the lower-tariff pork import quota to 204,210 metric tons from the previous 54,210 metric tons. The move aims to boost domesWatch the full video below.