European stocks were mostly higher on Thursday, reversing initial losses after final Eurostat data showed Eurozone's Inflation surged 8.9 percent year-on-year in July, matching estimates.
U.S. weekly jobless claims for the week ended August 13 and existing home sales data are due out in the New York session.
Euro zone government bond yields rose after ECB board member Isabel Schnabel said consumer prices could still accelerate in the short term, suggesting she favors another large interest-rate hike next month.
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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.