European stocks were sharply higher on Monday as investors cheered reports suggesting that the United States is mulling lifting some tariffs on China to fight inflation.
Investors and policymakers await the release of U.S. inflation data this week after EU inflation shocked many with a record high reading last week.
Market participants also await a European Central Bank (ECB) policy meeting later this week for confirmation whether the central bank will raise rates at the July 21 policy meeting.
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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.