European stocks traded higher on Friday as weak U.S. economic data released overnight spurred bets that the Federal Reserve was done with its rate hikes for the year.
The monthly U.S. jobs report is likely to be in the spotlight today, with economists expecting employment to increase by 180,000 jobs in October after an increase of 336,000 jobs in September. The unemployment rate is expected to remain at 3.8 percent.
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Market Analysis
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.