European stocks advanced on Wednesday as a slew of upbeat U.S. economic data released overnight soothed concerns about an economic downturn.
Meanwhile, investors shrugged off the results of a key survey showing that German consumer confidence has fallen for the first time since October.
Pollster GfK said its forward-looking survey of around 2,000 people fell to minus 25.4 points in July from 24.4 points in June.
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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.