European stocks closed on a mixed note on Monday after struggling for support earlier in the session amid concerns about tensions in the Middle East and the independence of the Federal Reserve.
According to reports, U.S. President Donald Trump is weighing options to take action against Iran. Citing U.S. officials, several media outlets said Trump has been shown plans ranging from possible military strikes to action that doesn't include the military.
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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.