European stocks closed on a strong note on Thursday with investors cheering the Federal Reserve's decision to cut interest rates by 50 basis points and its forecast for more reductions in future.
Investors also digested the Bank of England's widely anticipated move to hold interest rates unchanged. The BoE signaled a gradual approach to monetary easing in coming decisions. The central bank also extended its bond reduction plan for another one year.
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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.