European stocks crashed on Monday, extending recent losses and suffering the worst setback in nearly 20 months, as mounting geopolitical tensions and worries about imminent monetary tightening by central banks, including the Fed, triggering widespread selling.
Some disappointing economic data and reports showing continued spikes in coronavirus cases in several countries across the world weighed as well on the markets.
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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.