European markets closed mixed on Tuesday with investors closely following the developments on the geopolitical front and looking ahead to the monetary policy meetings of several top central banks.
The Federal Reserve, European Central Bank, Bank of England, Bank of Japan and the Bank of Canada are all set to make their monetary policy announcements this week.
According to the latest updates, United States President Donald Trump is examining a fresh proposal of Iran aimed at halting ongoing hostilities and reopening the strategically critical Strait of Hormuz.
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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.