European stocks closed higher on Tuesday, bouncing back from losses in the previous session, even as the mood remained cautious with investors looking ahead to the Federal Reserve's monetary policy announcement.
Geopolitical concerns following Russia's troop build-up on Ukraine's border, and worries about rising coronavirus cases continued to hurt sentiment, but failed to any significantly impact market's rebound.
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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.