European stocks are seen opening mixed in lackluster trade on Friday as investors fret about further interest-rate hikes and an impending recession.
Recession worries are exacerbated by weak U.S. data and hawkish messages from Fed officials.
Philadelphia Fed President Patrick Harker said on Thursday that "some additional tightening may be needed to ensure policy is restrictive enough" to support the Fed's dual mandate of keeping both unemployment and inflation low.
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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.