European markets are seen opening lower on Thursday after stocks on Wall Street reversed an early rally to end deep in the red overnight.
Asian stocks traded mixed as the Organization for Economic Cooperation and Development (OECD) downgraded its forecast of global economic growth for 2021 and warned that inflation could be higher and last longer than originally anticipated amid the disruption of global supply chains.
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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.