European stocks traded higher on Monday after the latest inflation data from China stoked optimism about easing deflationary pressures in the world's second-largest economy.
The upside remained limited as investors braced for a slew of key U.S. and Chinese data this week as well as the European Central Bank's rate decision due Thursday for directional cues.
The European Central Bank is expected to hike all three policy rates by 25 basis points, citing a weaker growth outlook and no clear evidence of a peak in core inflation. Few economists, however, predict it will be a close call.
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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.