European shares fell sharply on Friday after two Federal Reserve officials said interest rates may need to move to a higher level than anticipated.
More hawkish rate repricing has driven up U.S. Treasury rates and dented demand for riskier assets.
In economic releases, investors ignored data showing that Germany's producer price inflation eased for the fourth straight month in January to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices.
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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.