European stocks look set to open a tad lower on Wednesday as investors keep a wary eye on soaring U.S. bond yields.
U.S. Treasury yields hit one-year highs, a sign of confidence in the economic outlook and expectations of rising inflation on the back of extraordinary fiscal and monetary stimulus.
U.S.-China tensions also remain on investors' radar, with U.S. President Joe Biden warning on Tuesday that China will pay a price for its human rights abuses.
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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.