European stocks were seeing modest gains on Friday after fluctuating all through the week on worries over inflation and the potential impact of the newly detected coronavirus variant.
In economic releases, IHS Markit's Flash Composite Purchasing Managers' Index (PMI) rose to 55.4 in November from 54.2 in October. But that was below an earlier 55.8 "flash" estimate.
The IHS Markit/CIPS UK Services Purchasing Managers' Index (PMI) fell to 58.5 in November from 59.1 in October.
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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.