European stocks are likely to open on a positive note Monday despite escalating Israel-Gaza tensions and reports suggesting that the U.S. is considering tightening curbs to restrict China's access to advanced semiconductors and chipmaking gear.
Israeli Prime Minister Benjamin Netanyahu on Sunday vowed to "demolish Hamas" as his military got ready ground operations in Gaza to root out the militant group.
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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.