European stocks are seen opening a tad higher on Tuesday as oil continued to slid on fears of lower fuel demand, helping ease inflation fears.
Crude oil prices fell over 1 percent in Asian trading after having lost about 7 percent in the U.S. session on concerns that a virus flare-up in China will weigh on global demand.
Asian stocks were mostly higher after the Bank of Japan vowed to defend a key yield cap, offering to buy unlimited government bonds for the first four days of this week in the face of mounting inflationary pressures.
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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.