European stocks may open broadly higher on Friday after Wall Street shook off a midday slump to close higher overnight, led by gains in tech and growth stocks.
The upside, if any, may remain capped as investors await a report on U.S. personal income and spending later in the day, which includes a reading on inflation said to be preferred by the Federal Reserve.
Asian markets traded mixed, with Japan's Nikkei rising over 1 percent to rebound from one-month low, while Chinese and Hong Kong stocks led regional losses after Alibaba Group Holding reported lackluster growth in the October-December quarter.
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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.