European stocks are seen opening on a cautious note Friday as investors fret about rising coronavirus infections around the world and reports of a sweeping overhaul of the U.S. tax system.
Asian markets are trading mixed as investors struggled to navigate through a very muddled global outlook.
Treasury yields and the dollar held steady while gold was poised for a third straight weekly rise, as investors await the U.S. Federal Reserve's meeting next week for trading cues.
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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.