European stocks traded mostly higher on Thursday amid hopes that the Federal Reserve is nearing the end of its tightening cycle.
China reported downbeat PMI data, adding pressure on policymakers to roll out more stimulus measures.
Investors shrugged off official data showing that German retail sales declined more than expected in July on falling food turnover.
Retail sales fell 2.2 percent on a yearly basis in July compared to economists' forecast of 1.0 percent decrease - Destatis said.
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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.