European stocks may open on a sluggish note Wednesday after seeing sharp gains in the previous session.
The dollar continued to weaken amid the pullback in Treasury yields as dovish comments from Fed officials suggested that the U.S. central bank is shifting away from further rate hikes.
Atlanta Fed Bank President Raphael Bostic said on Tuesday the central bank need not raise borrowing costs any further.
For comments and feedback contact: editorial@rttnews.com
Business News
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.