Unemployment figures from Sweden and the interest rate announcement from Hungary are the main events due on Tuesday with no major data scheduled from the big economies in Europe. Statistics Sweden is set to release the unemployment data for August at 3.30 am ET. Economists expect the figure to ease to 6.30 percent from 6.40 percent in July.
The Hungarian central bank is set to announce its latest interest rate decision at 8 am ET. Policymakers at the Magyar Nemezeti Bank is widely expected hold the key rate steady at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.