European stocks are seen opening narrowly mixed on Friday, as Treasury yields jumped amid uncertainty over how aggressively the Federal Reserve would raise interest rates to tackle inflation.
A dollar gauge held steady and U.S. Treasury yields held firm after rising overnight as San Francisco Fed President Mary Daly said inflation is too high and that she anticipates more restrictive monetary policy in 2023.
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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.