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European Shares Likely To Open On Firm Note

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

European stocks are seen opening broadly higher on Wednesday as investors digest mixed remarks from Fed officials and await the minutes of the of the Federal Reserve's latest monetary policy meeting for additional clues on the size and pace of rate cuts in the months ahead.

Fed officials Kashkari and Miran backed two rate cuts this year on Tuesday, while Schmid and Goolsbee argued against more rate cuts given sticky inflation and tariff-driven price pressures.

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Global Economics Weekly Update - Jun 08-12, 2026

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.