European stocks were moving lower on Wednesday, with banks and miners leading losses on fears that central bank moves to fight inflation would spark a recession.
Investors await key U.S. inflation data later in the day for clues on the outcome of the Fed's upcoming policy meeting.
Data showed earlier in the day that Eurozone industrial production rose 0.8 percent sequentially in May, well above expectation for a 0.2 percent increase.
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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.