European stocks are seen opening on a sluggish note Monday as inflation and interest rate concerns returned to haunt investors.
Gold held near five-week lows, the dollar climbed to a five-week high and Treasury yields remained elevated, as hotter-than-expected producer inflation data from the U.S. stoked concerns that U.S. interest rates will likely remain at over 20-year highs until at least early-2024.
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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.