European stocks may open lower on Wednesday as investors pause for breath after three days of gains.
With the risks of a recession rising, investors await remarks by Federal Reserve Chair Jerome Powell along with the U.S. quarterly GDP data due later in the day for directional cues.
New York Fed President John Williams and San Francisco's Mary Daly both said on Tuesday that they had to cool the hottest inflation in 40 years but insisted that a soft landing was still possible.
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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.