European stocks were flat to slightly higher on Tuesday after Fed Vice Chair Lael Brainard signaled that the U.S. central bank will likely soon slow its interest rate hikes.
Weak Chinese data and a rising euro served to cap the upside to some extent.
The euro rose against the dollar to hit a four-month high, as two-year German yields hit 14-year highs amid expectations the European Central Bank (ECB) will probably continue to raise interest rates beyond 2 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.