European stocks were modestly higher on Friday as investors assessed the latest inflation data from Germany and awaited key U.S. employment report later in the day to confirm bets that the Federal Reserve is at peak rates.
According to the final estimate, Germany's consumer price inflation (CPI) fell to its lowest in 29 months in November, matching provisional estimates released last week.
CPI fell to an annual 3.2 percent last month from 3.8 percent in October, bolstering the case for a peak in eurozone interest rates.
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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.