European stocks were flat to slightly higher on Tuesday as investors looked for more clues on the outlook for U.S. interest rate hikes.
The dollar slipped while Eurozone short-dated bond yields hovered around multi-year highs, as Federal Reserve Chair Jerome Powell starts his two-day testimony before Congress later in the day.
In economic releases, official data showed German factory orders grew 1.0 percent in January from December, confounding expectations for a decline of 0.9 percent.
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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.