European stocks are seen opening on a steady note Friday amid hopes that the United States could soon reach debt ceiling deal to avoid a default.
U.S. Vice President Kamala Harris and Biden's top economic adviser, Lael Brainard, said a debt default could trigger a recession.
Traders will also react to comments from Fed officials on interest rates staying high.
Dallas Federal Reserve Bank President Lorie Logan said current data doesn't justify pausing rate hikes yet.
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Market Analysis
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.