European stocks were subdued on Wednesday as tensions between Washington and Tehran escalated and investor attention shifted to upcoming U.S. inflation data.
Iran launched attacks on U.S. bases in Jordan and Bahrain after the United States carried out its own attacks on the Islamic Republic in response to Tehran shooting down an American helicopter.
Meanwhile, the European Central Bank meets on Thursday, with economists expecting the central bank to hike interest rates amid spiking energy prices.
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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.