European stocks may open a tad higher on Wednesday after Alphabet Inc., Microsoft Corp. and Texas Instruments Inc. all posted double-digit quarterly revenue growth, helping ease investor concerns about the gloomy economic outlook.
Closer home, Credit Suisse Group AG posted its third straight quarterly loss, while Deutsche Bank posted a better-than-expected 51 percent rise in second-quarter profit and BASF lifted its guidance for full-year revenues.
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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.