Markets in Europe are expected to open on a strong note on Wednesday tracking the bullish momentum in the Asian markets as well as the rally in Wall Street, a day earlier. Sentiment recovered considerably after U.S. Treasury Secretary Janet Yellen on Tuesday said the government could backstop more deposits if necessary to stop contagion. Anxiety ahead of the Fed's review could however limit gains.
Wall Street had closed on a strong note on Tuesday as the announcement generated lot of relief. The Nasdaq Composite added 1.58 percent to close at 11,860.11 whereas the Dow Jones Industrial Average gained 0.98 percent to finish trading at 32,560.60.
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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.