European stocks struggled for direction on Tuesday, even as miners and financials rallied after Chinese Premier Li Qiang said that growth has picked up this quarter and more stimulus was in store.
The euro edged up after European Central Bank President Christine Lagarde said today that the central bank is committed to attain the 2 percent inflation target.
"Monetary policy currently has only one goal: to return inflation to our 2 percent medium-term target in a timely manner," Lagarde said in a speech at an ECB forum in Sintra, Portugal.
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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.