European stocks may open a tad higher on Monday despite persistent inflation and geopolitical concerns.
Asian markets were broadly lower, though Chinese shares climbed as traders returned to their desks after a week-long holiday for the Lunar New Year.
Covid-19 worries returned to haunt investors, with Japan scrambling to curb the spread of the now dominant Omicron variant of the coronavirus.
Geopolitical tensions were also in focus, with the White House warning Russia could invade Ukraine any day.
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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.