European stocks may open flat to slightly higher on Monday as investors react to hawkish comments from Fed officials and look for progress in U.S. debt ceiling talks.
U.S. President Joe Biden said Sunday he remains "optimistic" about finding an agreement with his Republican opponents to raise the U.S. debt limit and avoid a default. Talks between Biden and lawmakers are likely to resume on Tuesday, after getting postponed on Friday.
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Business News
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.