European stocks may open on a firm note Tuesday, though overall gains are likely to remain capped ahead of the release of U.S. consumer price inflation report later in the day and Wednesday's Fed policy decision.
Trading later in the day will be driven by reaction to a report on U.S. CPI data for November that may show inflation still cooling but staying well above the Fed's 2 percent annual target.
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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.