The UK market's FTSE 100 climbed to a six-week high on Wednesday, with investors largely reacting to corporate earnings updates, and awaiting a fresh round of negotiations between U.S. and Iran to end their conflict.
According to media reports, teams from the U.S. and Iran are likely to return to Pakistan later this week for a fresh round of talks. U.S. President Donald Trump reportedly told Fox News that he views the war was very close to being over. The President said that talks could resume "within the next two days".
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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.