Asian stocks were mixed on Tuesday after the World Bank cut its forecast for global expansion this year by nearly a full percentage point.
Separately, the IMF warned in a chapter of its World Economic Outlook report released on Monday that debt accumulated by businesses and individuals worldwide could slow economic recoveries from the pandemic crisis.
The Russian military offensive in eastern Ukraine has begun, Ukrainian President Volodymyr Zelenskyy announced in a video address, with the most intensive fight taking place in Slobozhansky and Donetsk operational districts in the north and east of the country.
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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.