European shares may open on a firm note on Thursday as Cisco Systems reported record fiscal third-quarter results for fiscal 2026 and investors pinned hopes on U.S.-China talks yielding positive results on the Iran war.
Cisco shares gained nearly 19 percent in extended trading after the company beat Wall Street estimates, raised FY26 AI orders and revenue outlook, and announced plans to eliminate close to 4,000 jobs, positioning the company as "critical infrastructure for the AI era".
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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.