European stocks swung between gains and losses on Tuesday amid conflicting reports on potential U.S.-Iran talks on ending the conflict. Despite some somewhat bright moments in positive territory, a few markets failed to sustain gains as higher oil prices and weak PMI data from Germany, France and the UK weighed on sentiment.
After U.S. President Donald Trump's announcement on Monday about postponement of strikes on Iran's energy infrastructure by five days, Iran said Trump's move was designed to lower energy prices and "buy time" for his military plans.
For comments and feedback contact: editorial@rttnews.com
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.