European stocks were broadly higher on Thursday as a Democrat sweep in U.S. Senate race lifted stimulus hopes.
Following a Democratic sweep in Georgia, investors remain hopeful that President-elect Joe Biden will be better placed to push through stimulus packages to help America get through the Covid crisis.
Disappointing ADP jobs report released overnight also added to expectations that the Federal Reserve might decide to unleash more stimulus.
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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.