European stocks may open lower on Tuesday as investors react to Federal Reserve Chair Jerome Powell's more hawkish tone on monetary policy.
A dollar gauge advanced and Treasuries extended losses in the wake of Powell's comments suggesting that the U.S. central bank is prepared to raise interest rates by a half percentage-point at the next policy meeting if needed.
Oil extended gains, with Brent crude prices rallying towards $120 a barrel, after Kremlin spokesman Dmitry Peskov said no agreements were reached in Ukraine negotiations.
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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.