European stocks are seen opening sharply lower on Monday as the Russian-Ukraine conflict showed no sign of cooling, triggering the fastest-growing humanitarian crisis in Europe since World War II.
Commodities racked up more scorching price gains, oil briefly touched $139 a barrel and the euro extended its slide, hitting parity against the safe-haven Swiss franc, after U.S. Secretary of State Antony Blinken said on Sunday the United States and European allies are exploring banning imports of Russian oil.
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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.