European stocks traded mixed in cautious trade on Wednesday as investors react to weak German retail sales and Eurozone manufacturing PMI data.
Data from Destatis revealed that retail sales in Germany fell by 5.4 percent in April compared to the previous month, due to a record fall in food sales.
S&P Global's final manufacturing Purchasing Managers' Index (PMI) for the euro zone fell to 54.6 in May from April's 55.5 due to supply shortages, price pressures and a fall in demand.
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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.