European stocks may open flat to slightly lower on Thursday as investors await today's ECB rate decision.
A 75-bps rate hike is expected for the second consecutive time despite political pressure to tread more carefully amid a looming recession.
Meanwhile, following disappointing earnings from Alphabet and Microsoft, Facebook parent Meta Platforms forecast a weak holiday quarter and significantly more costs next year, amid a broad slowdown in online ad spending, challenges from Apple's iOS privacy update and increased competition from TikTok.
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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.