The U.K.'s FTSE 100 index is drifting lower on Tuesday with nearly two third of its components losing ground amid uncertainty about near term growth outlook for global economy due to trade related issues.
Also, with some key economic and political events scheduled for the week, investors appear a bit reluctant to make significant moves.
In the US midterm elections, it is expected that the democrats will regain control of the House while Republicans hold on to a slender majority in the Senate. Reuters is of the view that global stocks may rally on hope of more tax cuts if Republicans retain their House majority.
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Forex News
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.