European stocks traded higher on Tuesday, the dollar weakened to hit a six-week low and government bond yields dipped on renewed hopes for progress in Middle East peace talks
Oil prices pulled back below $100 a barrel as the U.S. blockade of Iran's ports officially came into force and reports suggested that the U.S. and Iran are arranging a second round of negotiations to end their conflict.
The pan-European STOXX 600 surged 0.8 percent to 618.72 after falling 0.2 percent on Monday.
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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.