European stocks are seen opening notably lower on Thursday after data showed China's factory-gate inflation accelerated in August to a 13-year high, driven by roaring raw material prices.
Meanwhile, the consumer price inflation grew just 0.1 percent month-on-month, as consumption was hit by tighter restrictive measures, including travel limits, to curb the latest COVID-19 outbreak.
The focus now turns to the European Central Bank (ECB) meeting later in the day, which is expected to keep discussion over 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.