European stocks struggled for direction on Wednesday, as fears over an escalation in the Middle East conflict offset improved economic data from China.
As Gaza ground invasion looms, a huge explosion at a Gaza hospital has derailed the diplomatic efforts led by the U.S. to reduce tensions in the region.
On the data front, Eurostat reported that Eurozone inflation rose at a slower pace in September than in August, confirming initial estimates.
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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.