European shares rose sharply on Tuesday to extend gains from the previous session as weak U.S. manufacturing and construction data released overnight raised hopes for slower Federal Reserve tightening.
The dollar extended its slide and bond yields declined, helping improve investors' appetite for riskier assets.
Earlier today, the Reserve Bank of Australia hiked rates by less than expected, saying it wants to strike a balance between tightening policy and ensuring that economic growth remains steady.
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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.