European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses.
Recession worries persist with U.S. President Joe Biden conceding Tuesday in an interview that a "very slight" recession was possible.
U.S. stock futures jumped, the dollar gave up early gains and the British pound strengthened after a Financial Times report indicated the Bank of England had signaled privately to bankers that it could extend its emergency bond buying program beyond its Oct. 14 deadline.
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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.