European stocks traded higher on Tuesday as investors reacted to strong economic data from Germany and China's surprise rate cut.
The upside, however, remained capped by caution ahead of U.S. CPI data due later in the day and the Fed's interest-rate decision scheduled for Wednesday.
German consumer price inflation climbed 6.1 percent annually in May, slower than the 7.2 percent rise in April, Destatis reported. That was in line with the flash data published on May 31.
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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.