The major European markets closed weak on Thursday, with investors digesting a slew of economic data from the region, as well as data from the U.S. and China, and largely making cautious moves.
Positive reaction to comments from U.S. Senate Majority Leader Chuck Schumer that the Senators have reached a deal to avoid a government shutdown on October 1 pushed up stock prices early on in the session. However, stocks retreated as the day progressed and the markets eventually settled on a weak note, and snapped a seven-month winning streak in the process.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
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.