European stocks are seen opening on a sluggish note Monday as inflation concerns returned to the fore.
Oil prices jumped nearly 4 percent as Hamas' Saturday surprise attack on Israel threatened to inflame tensions in the Middle East, home to almost a third of global supply.
Over 1,100 people have been killed in Israel and Gaza, following the deadly attack on Israel.
Iran denied any direct involvement in the attack but backed Hamas's actions as an act of self-defense.
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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.