European stocks advanced on Thursday and bond yields dipped after the U.S. Federal Reserve raised interest rates by 50 basis points, as widely expected, but struck a less hawkish tone than some had feared, saying inflation will "flatten out" over the coming months.
The Bank of England's monetary policy announcement is due at 7:00 am ET. The central bank is widely expected to raise its key rate by 25 basis points to 1 percent from 0.75 percent.
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Market Analysis
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.