European stocks traded higher on Thursday as U.S.-China talks got underway and official data showed the U.K. economy grew at a faster pace in the first quarter, driven by contribution from all three sectors.
U.K. GDP increased 0.6 percent sequentially, following the fourth quarter's 0.2 percent expansion. GDP grew at a pace of 0.3 percent in March alone, while economists had forecast a contraction of 0.1 percent.
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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.