European stocks rallied on Tuesday after the U.S. Federal Reserve outlined plans to buy individual corporate bonds to help prop up the economy amid the coronavirus pandemic.
Also, worries about a second wave of coronavirus infections eased as mainland China reported 40 new confirmed coronavirus cases for June 15, down from 49 a day earlier.
Investors also cheered reports suggesting that the Trump administration is weighing up a US$1 trillion infrastructure spend to spur on the economy in the wake of the coronavirus crisis.
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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.