European stocks are seen opening narrowly mixed on Tuesday after U.S. President Joe Biden and China's Xi Jinping held a summit meeting by video link amid tensions over trade, technology, human rights, Hong Kong and Taiwan.
Biden told Xi their goal should be to ensure competition "does not veer into conflict." Xi said he was ready to "build consensus" to move bilateral relations forward.
Asian markets were lower in choppy trade as inflation concerns rise across the board. The recent outbreaks of COVID-19 cases in China and Europe also served to keep underlying sentiment cautious.
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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.