European stocks are seen opening a tad lower on Thursday despite stabilizing bond yields and sanguine comments from the U.S. Fed.
After an auction of five-year Treasury notes saw average demand, investors now await the auction of seven-year debt for further direction.
The dollar hit a fresh four-month high against the euro after U.S. Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell expressed their confidence in the U.S. recovery during a second day of testimony to Congress.
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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.