European stocks are seen opening lower on Wednesday after U.S. stocks recorded their worst single-day losses in a month overnight on fears of an impending recession and lingering worries about the health of the banking sector.
That said, U.S. stock futures were trading higher following encouraging earnings updates from both Microsoft and Alphabet after the U.S. closing bell.
Trading later in the day may be impacted by reaction to the latest earnings news as well as the Commerce Department's report on durable goods orders in the month of March.
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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.