European stocks look set to open higher on Monday after a broad-based rally on hopes for a slowdown in some central banks' rate hikes sent Wall Street to a sharply higher close on Friday.
Asian markets traded broadly higher as optimism over corporate earnings offset weak China data pointing to further loss of momentum in the world's second-largest economy.
China's factory and services activity both contracted in October as worsening COVID-19 outbreaks created more disruptions for businesses and residents.
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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.