European stocks may open lower on Monday as higher-than-expected U.S. inflation data and sharp moves in the price of oil added to worries about slowing global growth.
Both Brent and WTI crude futures jumped around 3 percent in Asian trade amid reports that OPEC+ may consider cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic at a meeting on Oct. 5.
The economic environment for risk assets is deteriorating against the backdrop of aggressive policy tightening, rising real yields, Europe's energy woes, and China's ongoing property market stress and COVID lockdowns, Credit Suisse said in a report.
For comments and feedback contact: editorial@rttnews.com
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.