European stocks struggled for direction on Wednesday, as investors awaited the release of minutes of the most recent decisions of the Federal Reserve and the European Central Bank for directional cues.
Business activity fell across the eurozone for the fifth consecutive month in November, adding to fears of a recession.
The eurozone composite PMI rose to 47.8 in November from 47.3 in October, putting the eurozone economy on course for its steepest quarterly contraction since late-2012, according to a preliminary reading released by S&P Global.
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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.